Which of the Following Statements Is False

question 46

Multiple Choice

Which of the following statements is false?

• A)Not all individuals in both countries are made better off as a result of international trade.
• B)Within each country,some individuals are made better off as a result of international trade,but one of the countries will be worse off overall.
• C)Although some individuals may not be made better off as a result of international trade,both countries may be made better off overall.
• D)Each country as a whole is made better off as a result of international trade,but individuals within each country may be made worse off.

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Definitions:

Activity-Based Costing

A costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each, to more accurately measure the cost and profitability of products/services.

Relevant Cost

A cost that should be considered when making decisions.

Decision

The act or process of making choices or selecting options based on available information and analysis.

Differential Cost Analysis

The process of comparing the difference in cost between two alternative decisions to find out which is more beneficial.