The Effect of Trade on Income Distribution

question 33

Multiple Choice

The effect of trade on income distribution

• A) implies that there are no real gains from trade.
• B) is insignificant in the short run.
• C) can be significant in the short run.
• D) refutes the model of comparative advantage.
• E) is positive for all segments of an economy.

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Definitions:

Carbon Monoxide

A colorless, odorless, and toxic gas produced by incomplete combustion of carbon-containing materials.

Red Blood Cells

Cells in the blood responsible for carrying oxygen from the lungs to the rest of the body and returning carbon dioxide to the lungs for expulsion.

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the body's tissues and returns carbon dioxide from the tissues back to the lungs.

Fetal Hemoglobin

A type of hemoglobin found in fetuses that has a higher affinity for oxygen than adult hemoglobin.