Which of the Following Statements About Trade Is True

question 77

Multiple Choice

Which of the following statements about trade is true?

• A) Trade involves a winner and a loser.
• B) Trade often hurts both parties in the long run.
• C) Trade is a zero-sum proposition.
• D) Trade can benefit both parties.

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Definitions:

Fallacy of Composition

An error in reasoning that occurs when it is assumed that what is true for the individual parts must also be true for the whole.

Negative Quality

An attribute or characteristic that is considered undesirable or has a detrimental effect on the perception or function of something.

African Safaris

Trips or expeditions in African wilderness areas, typically for the purpose of observing or hunting wildlife in their natural habitat.

Canoes

Lightweight narrow boats, typically pointed at both ends and open on top, propelled by one or more seated or kneeling paddlers facing the direction of travel using a single-bladed paddle.