From a Macroeconomic Perspective, Consumers Benefit from International Trade, but from the View

question 193

Multiple Choice

From a macroeconomic perspective, consumers benefit from international trade, but from the view of industries at a comparative disadvantage

• A) employment in those industries is likely to grow.
• B) profits will likely rise.
• C) both employment and profits in those industries will likely rise.
• D) individual workers in those industries are likely to lose their jobs.

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Definitions:

Infant-Directed Speech

A speech pattern used by adults when talking to babies, characterized by higher pitch, slower rate, and exaggerated intonation.

Satisfaction

The feeling of pleasure or fulfillment that comes from achieving one's goals or desires.

Economic Resources

The assets, capital, and means of production that are used to create goods and services within an economy.

Personal Resources

Refers to the personal strengths and assets at an individual's disposal, including mental, emotional, physical, and financial resources.