Which of the following statements is incorrect?
A) Trade makes people better off when preferences differ.
B) Trade increases productivity through specialization and the division of knowledge.
C) Non-fraudulent voluntary trade produces both winners and losers.
D) Trade increases productivity through comparative advantage.

Question

Quizplus · Accepted Answer

Non-fraudulent voluntary trade is mutually beneficial, meaning both parties expect to benefit, so it does not produce losers.

Which of the Following Statements Is Incorrect