"The economic wealth of this country was built primarily by some individuals profiting from a transaction, whereas others were harmed by that transaction." This statement indicates that its author
A) fails to understand the fallacy of composition.
B) fails to understand that all voluntary trades benefit both parties involved.
C) fails to understand the significance of the production possibilities frontier.
D) uses sound economic thinking-the statement is essentially correct.
Correct Answer:
Verified
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