Which of the Following Is True

question 171

Multiple Choice

Which of the following is true?

• A) Specialization and trade leads to mutual gains for countries.
• B) Protectionism (i.e., policies that limit trade in certain goods) promotes both economic prosperity and greater employment.
• C) Countries that have a lot of resources, like the United States, are always hurt by trade.
• D) Countries will have a higher standard of living when they produce as many goods as possible domestically.

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Definitions:

Emancipation

The act of freeing slaves from bondage, most prominently known through the Emancipation Proclamation by Abraham Lincoln during the American Civil War.

Voluntary Emigration

Refers to the process of individuals choosing to leave their country of origin to settle in another country without being forced to do so by any external factors.

Political Rights

Entitlements related to participation in the political process, including the rights to vote, run for office, and partake in decision-making affecting the community or nation.

Emancipation Proclamation

An executive order issued by President Abraham Lincoln in 1863, declaring the freedom of all slaves in Confederate-held territory.