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:

Cultural Factors

The social, economic, and political aspects of a culture that influence individuals' behaviors, beliefs, and attitudes.

Erikson

Refers to Erik Erikson, a developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings, identifying eight stages of human development.

Behaviorist Theory

A theory of learning which states that behaviors are learned from the environment through the processes of conditioning.

Rewards and Punishments

Behavioral tools used to reinforce desired behaviors or diminish undesired ones, often employed in educational and developmental contexts.