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:

First-time Business Owners

Individuals who are starting and owning a business for the first time, often facing unique challenges and learning experiences.

Initial Sales

The first sales activity that occurs when a product or service is introduced to the market.

Operations

The day-to-day activities involved in running a business and producing goods or services efficiently.

Small Business Administration

A U.S. government agency that provides support to entrepreneurs and small businesses in the form of loans, loan guarantees, counseling, and other resources.