Which of the Following Statements Is False

question 21

Multiple Choice

Which of the following statements is false?

• A) All nations are interdependent.
• B) An understanding of international trade and finance is critical to understanding the domestic economy.
• C) When countries trade, everyone gains.
• D) Technological differences between countries account for differences in labor productivity.
• E) Trade results in countries becoming more dependent on each other.

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Definitions:

Investing Activities

Investing activities involve the purchase and sale of long-term assets and other investments, not including cash equivalents, reflected in the cash flow statement of a company.

Statement Of Cash Flows

A report that captures the effects of changes in balance sheet accounts and income on the availability of cash and cash equivalents.

Equipment

Tangible property other than land or buildings that is used in operations of a business, such as machinery or office furniture.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.