Which of the Following Is a Gain from Trade

question 42

Multiple Choice

Which of the following is a gain from trade?

• A)A higher standard of living for all trading countries.
• B)A shorter workweek for all trading countries.
• C)A level of self-sufficiency for all trading countries.
• D)A higher price level for all trading countries.

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Definitions:

Militia Strength

The capability and power of a militia, which is a military force composed of ordinary citizens to provide defense, emergency law enforcement, or paramilitary service.

Shays's Rebellion

An armed uprising in 1786-1787 by American farmers against state and local enforcement of tax collections and judgments for debt.

Foreclosing

The legal process by which a lender takes possession of a property due to the borrower's failure to make mortgage payments.

Debt-ridden Farmers

Agricultural workers who carry a significant amount of debt, often due to loans for land, equipment, or seeds.