Ask Question
BusinessBusiness
9 December, 02:42

Which of the following statements is not correct? a. Trade has potential to benefit all nations b. Trade allows nations to consume outside of their production possibilities curves. c. Trade allows for specialization d. Absolute advantage determines specialization

+1
Answers (1)
  1. 9 December, 02:56
    0
    The correct answer is D

    Explanation:

    Trade is the term which is defined as the activity of exchanging, buying and selling of the goods and services among the countries, people and companies. It has the potential to provide the advantage to all nations, allows specialization and allow the nations to consume outside.

    Absolute advantage or benefit is the benefit which is provided when the producer who could produce a service or a good in the huge amount of quantity under the same cost or at the same amount of quantity at lower cost. So, it could not able to determine or state the specialization.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following statements is not correct? a. Trade has potential to benefit all nations b. Trade allows nations to consume outside ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which are fundamental principles of economics? (Select all that apply.) How will it be taxed? How will it be produced? How will it be defended? How will it be distributed?
Answers (1)
Which of the following would constitute contractionary monetary policy by the Fed? a. Open market sales of government securities, an increase in the discount rate, and an increase in reserve requirements b.
Answers (1)
Which of the following are true? Select one or more: (a) The t-distribution is dependent on the sample size. (b) The t-distribution does not depend on the sample size.
Answers (1)
Dextra Computing sells merchandise for $17,000 cash on September 30 (cost of merchandise is $11,900). The sales tax law requires Dextra to collect 3% sales tax on every dollar of merchandise sold.
Answers (1)
Darell Hair Stylists's adjusted trial balance and statement of owner's equity follow. Balance Account Balance Debit Credit Cash $1,000 Accounts Receivable 900 Office Supplies 600 Equipment 19,700 Accumulated Depreciation - Equipment $2,000 Accounts
Answers (1)
New Questions in Business
S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2018, S&L purchased Coca-Cola bonds at par for $700,000 and sold the bonds on January 3, 2019, for $702,000.
Answers (1)
Why might the cartel model still make sense even when OPEC produces less than half of the world's oil?
Answers (1)
Your best friend says they don't think insurance is important. Explain to them why it is important to have insurance. How is having insurance important for successful financial management?
Answers (1)
As a smart customer you are always on the lookout for sales coupons and rebates while shopping for new clothes you notice that one particular brand of shirts is on sale for 20% off the original price you also h e a coupon for 10$ off a 40$ purchase
Answers (1)
Jester Corporation's most recent income statement appears below: Income Statement Sales (all on account) $ 230,000 Cost of goods sold 135,000 Gross margin 95,000 Selling and administrative expense 43,000 Net operating income 52,000 Interest expense
Answers (1)
Home » Business » Which of the following statements is not correct? a. Trade has potential to benefit all nations b. Trade allows nations to consume outside of their production possibilities curves. c. Trade allows for specialization d.
Sign Up Forgot Password?