Which of the following is NOT a commonly recognized benefit of trade?
A) Trade makes people better off when preferences differ.
B) Trade creates the need for institutions such as the World Trade Organization.
C) Trade increases productivity through specialization and the division of knowledge.
D) Trade increases productivity through comparative advantage.
Correct Answer:
Verified
Q2: Which of the following is NOT true
Q3: Which of the following is NOT an
Q4: Which of the following statements is incorrect?
A)
Q5: If each of us had to grow
Q7: If instead of specialized doctors (neurologists, cardiologists,
Q8: The benefits of trade include: I. higher
Q9: Division of knowledge, as discussed in the
Q9: Which of the following is least likely
Q10: Which of the following statements is TRUE?
Q11: eBay creates value by:
A) helping sellers trick
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