Which of the following statements is TRUE?

Question

BlackTom AI · Accepted Answer

The question asks which statement is TRUE, but the provided data does not include any list of answer options to evaluate. This means we cannot perform a comparative analysis of multiple statements and identify which one is correct based on standard options.

From the information available, there is a single declared answer: 'B. Free trade can be beneficial to the economic welfare of all countries involved.' To reason about that claim in isolation: it is a commonly accepted view in international economics that free trade can create welfare gains for participating countries through mechanisms like comparative advantage, higher production efficiency, access to a larger variety of goods, and potential increases in total welfare. However, it is also important to acknowledge caveats: gains may be uneven within countries, some sectors may be harmed in the short term, there can be distributional impacts, and the net effect depends on factors such as terms of trade, scale economies, and policy environments.

Because no other options are presented for comparison, we cannot critique alternative statements or identify incorrect reasoning among them. In a typical exam setting, one would compare each option to established theory (e.g., whether a statement claims universal gains to all countries, whether it accounts for potential losers, whether it ignores distributional effects, or whether it assumes perfect competition and no trade barriers).

If you can provide the full list of answer options, I can give a complete, option-by-option analysis explaining why each is correct or incorrect and how the true statement fits within economic theory.

Which of the following statements is TRUE?

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