If There Is Trade, Which of the Following Is Most

question 43

Multiple Choice

If there is trade, which of the following is most likely?

• A) A country is worse off because it becomes dependent on other countries.
• B) A country will produce a greater variety of goods and services to trade.
• C) A country's consumption possibilities frontier can be outside its production possibilities frontier.
• D) A country will experience a lower unemployment rate.

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Definitions:

Premises

Statements or ideas that are assumed to be true and used as the basis for an argument or reasoning.

Explanations

A process or act of making an idea, situation, or problem clear to someone by describing it in more detail or revealing relevant facts or ideas.

Deductive Arguments

A form of reasoning where the conclusion is logically derived from premises that are assumed to be true.

Inductive Arguments

Reasoning that moves from specific instances to a general conclusion, often used to infer probabilities.