One Benefit of Trade Is That It

question 140

Multiple Choice

One benefit of trade is that it:

• A) increases the division of knowledge because trade makes people more self-sufficient, producing more of what they consume.
• B) allows for increased specialization and mass-production techniques that lower per unit costs of production.
• C) lowers productivity, leading to greater domestic employment.
• D) decreases economies of scale, making production more efficient.

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Definitions:

Letter of Transmittal

A formal document that accompanies a report, proposal, or other documents, providing the recipient with context, purpose, and relevant details about the contents.

List of Figures

An indexed collection of diagrams, charts, drawings, or photographs in a document, usually referenced within the text.

Works Cited

A section in documents that lists the sources referred to or quoted, often found in research papers and publications.

Scope

the extent or range of an activity, project, or subject matter that is involved, covered, or relevant.