Several Arguments for Restricting Trade Have Been Advanced

question 11

Multiple Choice

Several arguments for restricting trade have been advanced.Those arguments do not include

• A)the jobs argument.
• B)the protection-as-a-bargaining-chip argument.
• C)the no-deadweight-loss argument.
• D)the infant-industry argument.

---

Definitions:

Indifference Curve

A graph showing combinations of two goods that give a consumer equal satisfaction and utility.

Efficient Allocation

The optimal distribution of resources and goods to maximize the net benefit or welfare within an economy.

Allocation Efficient

A distribution of resources in which it is impossible to make any one individual better off without making at least one individual worse off.

Mutually Beneficial

A situation or agreement that provides advantages to all parties involved, ensuring that each gains from the interaction.