Which of the following statements is incorrect? Trade increases productivity thr
ID: 1167625 • Letter: W
Question
Which of the following statements is incorrect?
Trade increases productivity through specialization and the division of knowledge.
Non-fraudulent voluntary trade produces both winners and losers.
Trade increases productivity through comparative advantage.
Trade makes people better off when preferences differ.
A.Trade increases productivity through specialization and the division of knowledge.
B.Non-fraudulent voluntary trade produces both winners and losers.
C.Trade increases productivity through comparative advantage.
D.Trade makes people better off when preferences differ.
Explanation / Answer
Non-fraudulent voluntary trade produces both winners and losers.
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