If Free Trade Occurs, Consumers in the Net Exporting Country

question 113

Multiple Choice

If free trade occurs, consumers in the net exporting country will be _____ off, and consumers in the net importing country will be _____ off than before trade.

• A) worse; worse
• B) worse; better
• C) better; worse
• D) better; better

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Definitions:

Echoic Memory

A component of sensory memory that specifically stores auditory information, allowing sounds and words to be recalled within a few seconds after the sound is heard.

Short-term Memory

The capacity for holding a small amount of information in mind in an active, readily available state for a short period.

Sensory Store Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses.

Holds Information

The capacity to retain and recall data or facts.