Which of the Following Statements Is False

question 12

Multiple Choice

Which of the following statements is false?

• A)The gains from trade can be broken down into the gains from exchange and the gains from specialization
• B)gains from exchange result even without specialization
• C)gains from specialization result even without exchange
• D)none of the above

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Definitions:

Own Price Elasticity

A measure of how the quantity demanded of a good responds to a change in the price of that good, keeping other factors constant.

Athletic Shoes

are specially designed footwear aimed at enhancing performance in sports and physical activities.

Puma

A global athletic brand known for its footwear, apparel, and accessories designed for sports and fitness activities.

Price Elasticity

A gauge of the degree to which the amount of a product desired changes in response to a price adjustment.