Peterson Chambers
09/04/2024 · Senior High School

QUESTION 25 Which of the following statements regarding trade is NOT true? a) Trade increases productivity through specialization and production according to comparative advanta b) Trade raises the price of goods for both trading partners. c) Trade increases productivity through specialization and the division of knowledge. d) Trade makes people better off when preferences differ.

Upstudy ThothAI Solution

Tutor-Verified Answer

Quick Answer

The statement NOT true about trade is that it raises the price of goods for both trading partners.

Step-by-step Solution

Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text

Enter your question here…

By image
Re-Upload
Uploaded Files
xxxx.png0%
Submit
📸 STUDY CAN BE A REAL STRUGGLE
Why Not UpStudy It?
Select your plan below
Premium

You can enjoy

  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to answer and
    solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic
  • Limited Solutions