Which of the Following Statements Is True

question 43

Multiple Choice

Which of the following statements is true?

• A) If the opportunity costs differ between two countries, there is no opportunity for mutually advantageous trade.
• B) International trade leads countries to specialize in the production of those goods for which they have an absolute, rather than a comparative, advantage.
• C) Free international trade can increase the availability of all goods and services in the countries that participate in trade.
• D) The potential costs of free trade generally outweigh the benefits.

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Definitions:

Max Weber

A German sociologist, philosopher, jurist, and political economist whose ideas profoundly influenced social theory and social research.

Communication Skills

The ability to convey or share ideas and feelings effectively.

Human Relations Abilities

Skills and competencies related to effectively interacting, communicating, and building relationships with others in personal or professional settings.

Human Relations

The study or management of relationships among individuals, especially in the workplace, focusing on communication, conflict resolution, and interpersonal skills.