Trade Can Make Everybody Better Off Because It

question 37

Multiple Choice

Trade can make everybody better off because it

• A)increases cooperation among nations.
• B)allows people to specialize according to comparative advantage.
• C)requires some workers in an economy to be retrained.
• D)reduces competition among domestic companies.

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Definitions:

Afghanistan

A landlocked country located at the crossroads of Central and South Asia, known for its rich history and strategic military importance.

Obama Administration

The executive branch of the U.S. government from 2009 to 2017, under the leadership of President Barack Obama, known for significant legislation and initiatives in health care, environmental policy, and international relations.

Domestic Accomplishments

Achievements or successes within a country's borders, relating to its governance, economy, or social welfare.

Failures

Instances or occurrences of not achieving intended goals or objectives, often leading to negative outcomes or the need for reevaluation.