Which of the following is NOT a reason that trade can benefit everyone?
A) Someone who owns a good of relatively little value can trade it for something they value more
B) Trade frees people from the need to produce everything themselves
C) Trade allows people to specialize in whatever they do best
D) Trade eliminates the problem of scarcity
Correct Answer:
Verified
Q47: Economists use assumptions in order to
A) Make
Q48: A small adjustment in a choice is
Q49: The competitive market price of a good
Q50: Suppose that two economists reach different positive
Q51: The accumulation of scientific evidence
A) Can resolve
Q53: Which of the following is generally NOT
Q54: According to the text,which of the following
Q55: The competitive market price of a good
A)
Q56: The real test of a good model
Q57: Which of the following does NOT justify
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