Which Statement If False

question 18

Multiple Choice

Which statement if false?

• A)If the U.S.can produce rice more efficiently than Japan can,the U.S.enjoys an absolute advantage.
• B)Economists dislike both tariffs and import quotas.
• C)Under the law of comparative advantage,total output is greatest when each product is made by the country that produces it most efficiently.
• D)No nation will engage in trade with another nation unless it will gain by that trade.

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Definitions:

Complex

Describes something that is composed of many interrelated parts or aspects, leading to difficulty in understanding or analysis due to its intricate nature.

McGrath

Refers to Joseph Edward McGrath, a social psychologist known for his research on small group behavior and methodologies.

Diagnosing Group Deficiencies

The process of identifying shortcomings or areas of improvement within a group, often to enhance functionality, cohesion, and performance.

Deleterious Changes

Harmful or damaging modifications or alterations in a system, environment, or health.