Which of the Following Statements Is True

question 58

Multiple Choice

Which of the following statements is true?

• A) Free trade is beneficial only if your country is strong enough to stand up to foreign competition.
• B) Free trade is beneficial only if your competitor does not pay unreasonably low wages.
• C) Free trade is beneficial only if both countries have access to the same technology.
• D) Free trade is never beneficial for developing countries.
• E) Free trade can be beneficial to economic welfare of all countries involved.

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Definitions:

Boom and Bust

A cyclical economic phenomenon involving periods of rapid growth (Boom) followed by sharp declines (Bust).

Autonomy Paradox

Although professionals generally value control over their work processes, with the constant connectivity offered by information and communication technologies (ICTs), they willingly limit their autonomy.

Information Technologies

The study and application of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data.

Control

The ability to influence or direct people's behavior or the course of events.