If Trade Opens Up Between the Two Formerly Autarkic Countries

question 2

Multiple Choice

If trade opens up between the two formerly autarkic countries, Australia and Belgium, then

• A) the real income of both countries will increase.
• B) the real income of neither country will increase.
• C) the real income of Australia but not of Belgium will increase.
• D) the real income of Australia and of Belgium will increase.
• E) the real income of both countries may increase.

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Definitions:

Physiological Arousal

The body's response to stimuli, resulting in physical changes like increased heart rate, muscle tension, and alertness.

Secondary Control

An effort to accept reality by changing your own attitudes, goals, or emotions; a "learn to live with it" philosophy.

Primary Control

refers to an individual's ability to influence their environment or circumstances directly through their actions.

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience a particular event, either positive or negative.