Which of the Following Does Trade NOT Allow For

question 71

Multiple Choice

Which of the following does trade NOT allow for?

• A)a more efficient use of resources
• B)goods to be obtained at a lower opportunity cost
• C)people to specialize in activities in which they have a comparative advantage
• D)some countries to gain political control over trading partners

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Definitions:

Investment Plan

A financial strategy designed to help individuals allocate their capital towards investment vehicles with the aim of generating future profits.

Present Value

The present value of an anticipated amount of money or sequence of financial inflows, discounted by a particular return rate.

Payments

Amounts of money that are paid or due to be paid by one party to another for goods provided, services rendered, or debt obligations.

Compounded Quarterly

The process of calculating interest on a principal amount at a specified interest rate, with the interest being added to the principal at the end of every three months.