Choose the Statement That Is Incorrect

question 102

Multiple Choice

Choose the statement that is incorrect.

• A)Wage differences drive international trade.
• B)High-wage workers have high productivity.
• C)International trade can improve the opportunities of people in developing countries and increase their incomes.
• D)By trading with poor countries,we increase the demand for the goods that these countries produce and increase the demand for their labour.
• E)Free trade creates some jobs and destroys other jobs.

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Definitions:

Compounded Semi-annually

The process of calculating interest on both the initial principal and the accumulated interest of a deposit or loan every six months.

Monthly Payments

Regular payments made once a month, often in the context of loans or rent.

Compounded Monthly

Interest calculation method where interest is added to the principal balance each month, and future interest accrues on the total amount.

Principal Balance

The outstanding amount of a loan or debt not including interest or other charges.