Which of the Following Statements Regarding Trade Is NOT True

question 183

Multiple Choice

Which of the following statements regarding trade is NOT true?

• A) Trade increases productivity through specialization and production according to comparative advantage.
• B) Trade raises the price of goods for both trading partners.
• C) Trade increases productivity through specialization and the division of knowledge.
• D) Trade makes people better off when preferences differ.

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Definitions:

Calcium

A mineral essential for human life, involved in bone formation, muscle contraction, and many other physiological processes.

Phosphorus

A chemical element that plays a vital role in biological molecules like DNA and ATP.

Abundant Minerals

Naturally occurring inorganic substances found in plentiful supply on Earth, forming the foundation of rocks and soils.

Rotary International

An international service organization bringing together business and professional leaders to provide humanitarian service and advance goodwill and peace around the world.