One Reason That International Trade Is Restricted Is That

question 3

Multiple Choice

One reason that international trade is restricted is that

• A)the individual gain to parties who benefit from the protection will be much larger than the individual loss to parties who lose.
• B)the government completely pays the losers from international trade for their losses.
• C)protectionism benefits consumers.
• D)the government cannot measure the cost of protectionism.
• E)tariff revenue raises more income than income taxes in industrial countries.

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Definitions:

Countercurrent Multiplier

A system, particularly in the kidney, that enables the production of a concentrated urine by exploiting the flow of fluids in opposite directions.

Medullary Interstitial Fluid

The fluid found in the interstitial spaces of the medulla in the kidneys, crucial for the concentration of urine.

Parallel Tubes

Structures resembling cylinders or tubes, aligned side by side, often found in biological and mechanical systems.

Posterior Pituitary

A part of the pituitary gland that releases hormones produced in the hypothalamus, including oxytocin and antidiuretic hormone.