Which Statement Is False

question 86

Multiple Choice

Which statement is false?

• A)When two countries trade,both gain from the trade.
• B)In international trade some countries are winners and others are losers.
• C)For most of the 20^th century we had a positive balance of trade.
• D)None of the statements is false.

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Definitions:

Goods

are tangible products or commodities that are produced or manufactured for sale.

Cost of Goods Available

Cost of Goods Available represents the total cost of merchandise available for sale during a certain period, including the beginning inventory plus net purchases.

Operating Expense

Costs associated with the normal day-to-day operations of a business, such as rent, utilities, and salaries, but excluding costs related to production.

Merchandising Company

A business entity that purchases finished goods and sells them at a profit, without altering their form.