Which of the Following Is Not Correct

question 478

Multiple Choice

Which of the following is not correct?

• A)Economists are generally united in their support of free trade.
• B)The conclusions of Adam Smith and David Ricardo on the gains from trade have held up well over time.
• C)David Ricardo argued that Britain should not restrict imports of grain.
• D)Economists' opposition to trade restrictions is still based largely on the principle of absolute advantage.

---

Definitions:

Depreciation

The systematic allocation of an asset's cost over its useful life to account for wear and tear, obsolescence, or decline in value.

Intangible Asset

Assets that are not physical in nature, such as patents, copyrights, trademarks, and goodwill.

Tangible Asset

A physical asset that can be touched and seen, such as buildings, machinery, or inventory.

Operating Cash Flow

A measure of the amount of cash generated by a company's normal business operations, indicating whether a company can maintain and grow its operations.