Which Is the Most Accurate Statement About Trade

question 144

Multiple Choice

Which is the most accurate statement about trade?

• A)Trade can make every nation better off.
• B)Trade makes some nations better off and others worse off.
• C)Trading for a good can make a nation better off only if the nation cannot produce that good itself.
• D)Trade helps rich nations and hurts poor nations.

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Definitions:

Cognitive Domain

Relates to mental skills and intellectual activities, including thinking, understanding, learning, and remembering.

Self-Confidence

The belief in one's abilities, skills, and capacity to succeed.

Agreeableness

A personality trait characterized by kindness, cooperation, and a willingness to accommodate others.

Trait Approach

A theory in personality and leadership that attributes a person’s behavior to their inherent traits or characteristics.