Benefits from Trade Would Not Include

question 30

Multiple Choice

Benefits from trade would not include

• A)the ability of people and nations to specialize.
• B)a greater variety of goods and services becoming available.
• C)less competition.
• D)lower prices.

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Definitions:

Net Income

represents the total earnings of a company after deducting all expenses and taxes from total revenue.

Return on Investment

The gain or loss generated on an investment relative to the amount of money invested.

Selling Margin

The difference between the cost of a product and its selling price, indicating the profit made on the sale.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.