Which of the Following Would Do the Most to Reduce

question 90

Multiple Choice

Which of the following would do the most to reduce a trade deficit?

• A)increase domestic saving
• B)increase domestic political stability and respect of property rights
• C)other countries reduce their trade restrictions
• D)raise tariffs

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Definitions:

System Justification

System Justification is a theory in social psychology that describes the tendency of people to justify and defend the status quo, even if it is at odds with their own interests or fairness.

Hindsight Bias

A bias towards believing one would have known the outcome in advance after an event is concluded.

Social Influence

The impact that individuals or groups have on a person's attitudes, beliefs, decisions, or actions through direct or indirect means.

Memorable Characteristics

Distinctive features or qualities of something or someone that make them easily remembered.