Which of the Following Is a Reason Why Only Limited

question 76

Multiple Choice

Which of the following is a reason why only limited attempts are made to compensate those who lose from free international trade?

• A) It would be difficult to determine the extent to which someone's sufferings were because of free trade and not due to reasons under their own control.
• B) No one loses from free trade in the long run.
• C) Free trade advocates consistently lobby to eliminate compensation.
• D) None of the above answers is correct.

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Definitions:

Assignable Loan Contract

A loan agreement that allows the lender to transfer or assign the loan to another party.

Finance Company

A financial institution that offers loans, leases, and other financial services to consumers and businesses.

Conditional Sales Contract

An agreement for the purchase of goods that does not fully transfer ownership to the buyer until certain conditions, typically full payment, have been met.

Simple Interest

Interest calculated only on the principal amount, or the initial sum of money borrowed or invested, without compounding.