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:

Children

Young human beings who are not yet adults, often considered to be below the age of puberty.

Propositional Thought

A type of cognition that involves judgments, concepts, and ideas that can be expressed in sentences and propositions.

Primate Communication

The various ways primates, including humans, convey information and interact with each other, such as through vocalizations, facial expressions, and gestures.

Correlation Coefficient

A statistical measure that quantifies the degree to which two variables are related or move together.