Which of the Following Is True

question 171

Multiple Choice

Which of the following is true?

• A) Specialization and trade leads to mutual gains for countries.
• B) Protectionism (i.e., policies that limit trade in certain goods) promotes both economic prosperity and greater employment.
• C) Countries that have a lot of resources, like the United States, are always hurt by trade.
• D) Countries will have a higher standard of living when they produce as many goods as possible domestically.