A Possible Outcome of the Multilateral Approach to Free Trade

question 5

Multiple Choice

A possible outcome of the multilateral approach to free trade is that such an approach can

• A)win political support when a unilateral approach cannot.
• B)result in more restricted trade than under a unilateral approach,when international negotiations fail.
• C)result in drastic reductions in tariffs for many countries.
• D)All of the above are correct.

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Definitions:

Collectivism

Refers to cultural values that emphasize the importance of community, cooperation, and the collective over the desires and needs of the individual.

Psychological Distress

Psychological distress refers to a range of emotional suffering often characterized by symptoms of depression and anxiety.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting thoughts, beliefs, or values at the same time.

American Samples

Research participants or datasets originating from the United States.