The Gains from Free Trade Are Enjoyed by a ________

question 23

Multiple Choice

The gains from free trade are enjoyed by a ________ number of people and the costs of free trade are imposed on a ________ number of people.

• A)small;large
• B)large;small
• C)small;small
• D)large;large
• E)We can't determine the relative number of people who benefit and lose from free trade.

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Definitions:

Concrete Rewards

Tangible incentives or prizes given in recognition of achievements or desired behaviors.

Avoid Punishment

A behavior modification strategy where actions are taken to escape or evade from adverse stimuli.

Abstract Reasoning Skills

The ability to analyze information, detect patterns and relationships, and solve problems on a complex level beyond what is concretely presented.

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his work on cognitive development in children.