Which of the Following Statements Is NOT True

question 61

Multiple Choice

Which of the following statements is NOT true?

• A) The law of comparative and absolute advantage benefits everyone all the time.
• B) If the price of U.S.grain is cheaper than that of Russian grain,U.S.producers will have an absolute advantage compared to Russian producers.
• C) If the price of U.S.grain is cheaper than that of Russian grain,then trade between the two countries will depend on the terms of trade.
• D) If U.S.grain is cheaper than Russian grain,and U.S.producers sell cheap grain to Russia,not everyone in Russia will benefit.

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