When Considering the Effects of Transportation Costs,the Conclusions of Our

question 47

Multiple Choice

When considering the effects of transportation costs,the conclusions of our trade model must be modified.This is because transportation costs result in:

• A) Lower trade volume,higher import prices,smaller gains from trade
• B) Lower trade volume,lower import prices,smaller gains from trade
• C) Higher trade volume,higher import prices,smaller gains from trade
• D) Higher trade volume,lower import prices,greater gains from trade

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Definitions:

Division Of Labor

The allocation of different parts of a manufacturing process or task to different people in order to improve efficiency.

Structuralist/Functionalist

A framework in social sciences that emphasizes the systemic interrelations and functions of social structures.

Talcott Parsons

An influential American sociologist known for his development of sociological theory, particularly regarding the role of social structures and the importance of societal equilibrium.

Fictive Kin

Close relations with people we consider “like family” but who are not related to us by blood or marriage.