The Underlying Motivation for Trade,relies on One Simple Principle

question 122

Multiple Choice

The underlying motivation for trade,relies on one simple principle.What is it?

• A) Trade creates employment.
• B) Trade allows total production to be maximized.
• C) Trade will increase the profit for firms.
• D) Trade maximizes the opportunity costs.

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Definitions:

Finite Population Correction Factor

A correction used in sampling to adjust for the effect of sampling without replacement from a finite population.

Subset

A set of elements that are all members of another set, and possibly fewer in number.

Standard Error

A measure of the dispersion or variability in a sample statistic from the population parameter.

Infinite Population

A theoretical concept where the population size is considered unlimited or endlessly large for statistical analysis.