Which of the Following Statements Describes Reasons Why Free Trade

question 88

Multiple Choice

Which of the following statements describes reasons why free trade is beneficial for the United States?

• A) Free trade increases consumer surplus for imported goods that are cheaper than U.S. goods.
• B) Free trade directs U.S. resources to those goods and services for which the United States has a comparative advantage.
• C) Through specialization, the United States and its trading partners can use the same overall amount of resources to produce and consume a larger amount of goods.
• D) All of the statements are correct.

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Definitions:

Attitude-Centered

Focused on or primarily concerned with individuals' attitudes, often in the context of changing or influencing those attitudes.

Change

The process of becoming different in some particular way, without permanently losing one's identity.

Change Process

The sequence of steps or actions undertaken to move an organization from its current state to a desired future state.

Lewin

Lewin, often referred to as Kurt Lewin, was a pioneering psychologist known for his contributions to social, organizational, and applied psychology.