When a Nation Starts Opening Up to International Trade, It

question 291

Multiple Choice

When a nation starts opening up to international trade, it will see falling prices for

• A) goods that it exports.
• B) goods that it imports.
• C) goods that it has a comparative advantage in.
• D) all goods traded.

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Definitions:

Social Stratification

Division of people into categories or strata that are rewarded unequally in terms of power, property, and prestige.

Sexualized Violence

Acts of violence or coercion that are sexual in nature, used to exert power and control over the victim.

Inequities

Refers to unfair, avoidable differences arising from poor governance, corruption, or cultural exclusion.

Not-For-Profit

An organization that operates for purposes other than making profit, often focused on social, educational, or charitable objectives, re-investing excess revenue in its mission.