The Gains or Benefits from Trade Are

question 175

Multiple Choice

The gains or benefits from trade are:

• A) A result of more efficient resource utilization.
• B) based on different wage rates in different countries.
• C) greater when rich nations trade with poor nations.
• D) based on the principle of absolute advantage.

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Definitions:

Consolidated Buildings

Buildings that are combined under a single ownership or management, potentially for accounting or operational efficiency reasons in real estate or corporate structures.

Trademark

A distinguishable symbol, pattern, or phrase that differentiates the goods or services of a specific origin from those of other sources.

Overvalued

A term used to describe an asset or security whose price is believed to be higher than its intrinsic value.

Consolidated Balance Sheet

A consolidated financial report that shows the assets, liabilities, and shareholders' equity of a parent company along with its subsidiaries as though they are one entity.