When Both Exports and Imports Are Considered, the Major Advantage

question 158

Multiple Choice

When both exports and imports are considered, the major advantage of international trade is that it allows us to

• A) seclude ourselves from foreign products.
• B) consume a larger, more diverse quantity of goods and services at lower prices than would otherwise prevail.
• C) benefit at the expense of less-developed nations
• D) maintain jobs for workers who would otherwise have little to do.

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Definitions:

Fallacy of Division

An erroneous inference from the characteristics of an entire set or group about a member of that group or set.

Amphiboly

An argument that contains a grammatical mistake which allows more than one conclusion to be drawn.

Appeal to Ignorance

A logical fallacy that occurs when one argues that a proposition is true because it has not yet been proven false, or vice versa.

Appeal to Ignorance

A logical fallacy where it's claimed that something is true simply because it has not been proven false, or vice versa.