The Invocation of Beggar-Thy-Neighbor Arguments with Respect to Industrial Policies

question 10

Multiple Choice

The invocation of beggar-thy-neighbor arguments with respect to industrial policies

• A) strengthens the argument for subsidies.
• B) makes sense if the international Keynesian multipliers exceed unity.
• C) applies only to rich countries most of whose trade partners are very poor countries.
• D) weakens the argument for subsidies.
• E) does not apply to rich countries who can influence relative world prices.

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Definitions:

UCS

An acronym for Unconditioned Stimulus, which in classical conditioning is a stimulus that naturally triggers a response without the need for prior learning.

White Rat

In psychological experiments, particularly those related to the development of phobias, a white rat might be used as a neutral stimulus before conditioning occurs.

Taste Aversion

A learned response in which the taste of a specific food becomes associated with illness or discomfort, leading to a subsequent avoidance of that food.

Classical Conditioning

A training technique involving the continual pairing of two stimuli; a response initially provoked by the second stimulus comes to be provoked by just the first stimulus.