Which of the Following Statements Is True

question 30

Multiple Choice

Which of the following statements is true?

• A) Because of the transitional problems affecting some factors of production, the net benefits of free trade are generally negative.
• B) Most economists are in favor of opening markets and extending international trade throughout the world.
• C) Because of the compelling case for free trade, there are very few strong opponents and arguments against free trade remaining in the world today.
• D) Cheap labor in foreign countries can almost always out-compete expensive labor in the United States.

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Definitions:

Industry

The economic activity concerned with the processing of raw materials and manufacturing of goods in factories, also referred to as a sector of the economy.

Mistrust

The lack of trust or confidence in someone or something, often resulting from past experiences or perceived risks.

Attachment

The emotional bond that forms between newborns and their primary caregivers, crucial for social and emotional development.

Mothers

Women who have given birth to, adopted, or otherwise serve as the primary female parent figure in a child's life.