Which of the Following Is True

question 255

Multiple Choice

Which of the following is true?
i.Comparative advantage drives international trade.
ii.Compared to a no-trade situation,in a market with imports,producer surplus is larger.
iii.Tariffs lower the domestic price of imported goods.

• A) Only i
• B) Only ii
• C) Only iii
• D) i and ii
• E) i and iii

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Definitions:

Ambiguity

The quality of being open to more than one interpretation, explanation, or meaning, often leading to uncertainty or confusion.

Important Concepts

Fundamental ideas or principles that are crucial to understanding a particular subject or area of study.

Interpretive Question

A query that requires analysis and subjective judgment to answer, often used in literature and arts.

Gesture

A movement of part of the body, especially a hand or the head, to express an idea or meaning.