The Problem with the Protection-As-A-Bargaining-Chip Argument for Trade Restrictions Is

question 145

Multiple Choice

The problem with the protection-as-a-bargaining-chip argument for trade restrictions is

• A)if it works, consumer surplus will decline.
• B)if it works, producer surplus falls.
• C)if it fails, the country faces a choice between two bad options.
• D)if it fails, total surplus will increase.

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Definitions:

High Valence

A condition or characteristic that is highly valued or desired by individuals, often motivating actions or behaviors toward achieving a specific outcome.

Positive Expectancies

The belief or anticipation that one's actions will lead to positive outcomes or successes.

Performance-contingent Basis

is a system where rewards or payments are based on the achievement of specific performance criteria.

Employee Needs

The requirements or desires of workers that, when fulfilled, lead to their satisfaction and motivation, including physiological, safety, social, esteem, and self-actualization needs.