Which of the Following Statements Is True

question 194

Multiple Choice

Which of the following statements is true ?

• A) Specialization and trade along the lines of comparative advantage allows nations to consume more than if they were to produce just for themselves.
• B) Free trade theory suggests that when trade takes place any gains made by one nation comes at the expense of another.
• C) According to the theory of comparative advantage, a nation should specialize in the production of those goods for which it has an absolute advantage.
• D) All of the above.

---

Definitions:

Marketing Manager

A professional responsible for developing, implementing, and executing strategic marketing plans for an entire organization or lines of business and brands within an organization to attract potential customers and retain existing ones.

Estimated Liabilities

Obligations that are recognized but whose timing and/or amount is uncertain.

Footnotes

Additional information provided at the bottom of financial statements, explaining or giving context to the figures presented.