Which of the following statements is not correct? group of answer choices
a. trade allows for specialization.
b. trade has the potential to benefit all nations.
c. trade allows nations to consume outside of their production possibilities curves.
d. absolute advantage is the driving force of specialization.

The correct anwer is d. Absolute advantage is the driving force of specialization.

Explanation:

Specialization is the process by which an individual, a collective or an institution focuses on a specific activity or a restricted intellectual field instead of covering all possible activities or all knowledge. Such restricted activities or fields are called specialties. The one who has obtained a specialization is called a specialist. The opposite of specialization are general activities or knowledge. Seen from another point of view, specialization can refer to the number of activities or tasks that an individual performs within his work activity, the greater the number of tasks, the less specialization he has since nothing works.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.