Which of the Following Statements Is Not Correct

question 47

Multiple Choice

Which of the following statements is not correct?

• A)Trade allows for specialization.
• B)Trade has the potential to benefit all nations.
• C)Trade allows nations to consume outside of their production possibilities curves.
• D)Absolute advantage is the driving force of specialization.

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Definitions:

Differentiation

The process of distinguishing a product, service, or business in the market by developing unique features, benefits, or capabilities.

Communication

The process by which information is exchanged between individuals through a common system of symbols, signs, or behavior.

Yielding Conflict

A conflict resolution strategy where one party gives in to the demands or viewpoints of another to resolve the disagreement.

Equal Power

A condition or state where all participants or groups have the same amount of control, influence, or authority.