Recent Polling Work Discussed in the Text Pertaining to Attitudes

question 12

Multiple Choice

Recent polling work discussed in the text pertaining to attitudes toward international trade suggests that Americans have __________. Another finding is that greater inequality in a country seems to be positively associated with a greater desire __________.

• A) a more favorable opinion of the overall benefit of international trade than do citizens of most other countries; to restrict rather than to expand international trade
• B) a more favorable opinion of the overall benefit of international trade than do citizens of most other countries; to expand rather than to restrict international trade
• C) a less favorable opinion of the overall benefit of international trade than do citizens of many other countries; to restrict rather than to expand international trade
• D) a less favorable opinion of the overall benefit of international trade than do citizens of many other countries; to expand rather than to restrict international trade

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Definitions:

Economic Perspective

A viewpoint that analyzes individuals' decisions based on costs, benefits, and rational self-interest within the framework of scarcity and resource allocation.

Economizing Problem

The fundamental economic issue of meeting unlimited wants with limited resources, necessitating choices and priorities in resource allocation.

Economic Wants

are desires for goods and services that can be met by consuming products.

Economic Means

The methods or resources available for achieving economic objectives, such as wealth accumulation or resource allocation.