If There Is No Trade, Which of the Following Is

question 201

Multiple Choice

If there is no trade, which of the following is most likely?

• A) A country is better off because it will become self-sufficient.
• B) A country's production possibilities frontier is also its consumption possibilities frontier.
• C) A country can still benefit from international specialization.
• D) A country has more product variety available.

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Definitions:

Validity Scales

Tools used in psychological testing to determine if responses are consistent and truthful, ensuring the test's accuracy.

Minnesota Multiphasic Personality Inventory (MMPI)

A comprehensive psychological test that assesses personality traits and psychopathology.

Favorable Light

An expression indicating that something is viewed or presented in a way that makes it appear positive or beneficial.

Projective Test

A psychological assessment tool that uses ambiguous stimuli to elicit responses that reveal aspects of an individual's personality.