Which of the Following Statements Is NOT True

question 99

Multiple Choice

Which of the following statements is NOT true?

• A) Trade is beneficial because it allows more efficient production.
• B) Trade is beneficial because it allows consumers to buy goods at cheaper prices.
• C) Trade is beneficial because it allows all domestic industries to increase production.
• D) Trade is beneficial because it allows consumption beyond the production possibility frontier.

---

Definitions:

Cash

Currency or coins, along with deposits in bank accounts and other items that are available to pay off debts or to use in transactions immediately.

Cash Receipts

This records the total amount of cash received by an entity within a specific period, from various sources including sales, loan proceeds, asset sales, etc.

Cash Received

Money that a business or individual takes in, often measured over a period to assess cash flow.

Customers on Account

Refers to the sales made by a business where the payment is to be received at a later date, recorded as accounts receivable.