International Economists Cannot Discuss the Effects of International Trade or Recommend

question 2

Multiple Choice

International economists cannot discuss the effects of international trade or recommend changes in government policies toward trade with any confidence unless they know

• A) their theory is the best available.
• B) their theory is internally consistent.
• C) their theory passes the "reasonable person" legal criteria.
• D) their theory is good enough to explain the international trade that is actually observed.
• E) their theory accounts for China's unique position in international trade.

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Definitions:

Angry When Criticized

A behavioral response where individuals display anger or irritation in response to criticism, reflecting a possible sensitivity to negative feedback.

Ambiguous and Confusing

Descriptions or situations that are unclear, open to more than one interpretation, and cause confusion.

Self-Serving Bias

A cognitive bias where individuals attribute positive outcomes to their own actions or characteristics, and negative outcomes to external factors.

Generation Me

Refers to the cohort of people born in the late 20th and early 21st centuries, characterized by their strong sense of individualism and reliance on digital technology.