Solved

Which of the Following Statements Is True

Question 85

Multiple Choice

Which of the following statements is true?


A) If the opportunity costs differ between two countries, there is no opportunity for mutually advantageous trade.
B) International trade leads countries to specialize in the production of those goods for which they have an absolute, rather than a comparative, advantage.
C) Free international trade can increase the availability of all goods and services in the countries that participate in trade.
D) The potential costs of free trade generally outweigh the benefits.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents