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:

Peer Pressure

The influence exerted by a peer group in encouraging a person to change their attitudes, values, or behaviors in order to conform to group norms.

Early Adolescence

The period of human development occurring from around 10 to 14 years of age, characterized by rapid physical, emotional, and cognitive changes.

Parents Influence

The significant impact that parents have on their children's development, behavior, beliefs, and attitudes, through their parenting styles, communication, and role-modeling.

Psychosocial Development

The theory proposed by Erik Erikson that personality development occurs through a series of eight stages over the lifespan, each characterized by a different psychological conflict.