"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 the speaker
A) fails to comprehend the idea that all voluntary trades benefit both parties involved.
B) fails to comprehend the fallacy of composition.
C) fails to understand the significance of the production possibilities curve.
D) uses the economic way of thinking. The statement is essentially correct.

Question

Quizplus · Accepted Answer

The statement suggests that the speaker believes some individuals benefit at the expense of others in transactions, which contradicts the economic principle that voluntary trades are mutually beneficial.

"The Economic Wealth of This Country Was Built Primarily by Some