Compared to the No-Trade Situation, When a Country Exports a Good

question 134

Multiple Choice

Compared to the no-trade situation, when a country exports a good,

• A) domestic consumers gain, domestic producers lose, and the gains outweigh the losses.
• B) domestic producers gain, domestic consumers lose, and the gains outweigh the losses.
• C) domestic consumers gain, domestic producers lose, and the losses outweigh the gains.
• D) domestic producers gain, but domestic consumers lose an equal amount.

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Definitions:

Physical Needs

Basic requirements necessary to sustain human life, including air, water, food, shelter, and sleep.

Psychological Motives

Internal drives and desires, such as the need for achievement, affiliation, or power, that influence individuals' behavior and actions.

Acquired Drive

A learned or developed motivational state that emerges from the experience of satisfying basic physiological needs.

Approval

The act of accepting or sanctioning something, often expressed formally by an authoritative figure or institution.