Which of the Following Is NOT a True Statement Regarding

question 180

Multiple Choice

Which of the following is NOT a true statement regarding free trade?

• A) Free trade promotes specialization and efficient production.
• B) Free trade generally reduces the domestic prices of imports.
• C) Free trade may stimulate economic growth through export sales.
• D) Every individual in a country gains short-term benefits from free trade.

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Definitions:

Financial Statements

Documents and records that provide an overview of a company’s financial condition, including balance sheets, income statements, and cash flow statements.

Subscription

An agreement to receive or be able to access a product or service, typically on a recurring basis, such as monthly or yearly.

Entries

Refers to individual records of financial transactions in accounting, documented in journals and ledgers.

Check

A written, dated, and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee.