The underlying motivation for trade,relies on one simple principle.What is it?
A) Trade creates employment.
B) Trade allows total production to be maximized.
C) Trade will increase the profit for firms.
D) Trade maximizes the opportunity costs.
Correct Answer:
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Q4: Scenario: Yasmin and Zeek are lawyers working
Q5: A curve that shows the various combinations
Q6: The following figure shows the production possibilities
Q7: Scenario: Yasmin and Zeek are lawyers working
Q8: Scenario: Jack takes 3 hours to complete
Q10: The following figure shows the production possibilities
Q11: A machine can manufacture 1 unit of
Q12: Scenario: Jack takes 3 hours to complete
Q13: The following figure shows the production possibilities
Q14: Scenario: Jack takes 3 hours to complete
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