Trade Between Countries Tends to

question 95

Multiple Choice

Trade between countries tends to

• A)reduce both competition and specialization.
• B)reduce competition and increase specialization.
• C)increase competition and reduce specialization.
• D)increase both competition and specialization.

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Definitions:

Innocent Misrepresentation

A false statement made without knowledge of its falsity, leading another to enter into a contract they otherwise might not have.

Remedies

Legal means through which a right is enforced or a violation of a right is compensated.

Fraud

Intentional deception made for personal gain or to damage another individual.

Punitive Damages

Punitive damages are monetary compensations awarded in lawsuits, over and above the actual damages, intended to punish the defendant for egregious misconduct and deter future similar acts.