All of the Following Are Factors Mitigating Against Global Trade

question 146

Multiple Choice

All of the following are factors mitigating against global trade liberalization EXCEPT

• A) regional trading arrangements may limit trade liberalization with outsiders.
• B) a small nation might do better entering into a pact with a larger nation rather than competing globally.
• C) trading bloc members may not realize economies of scale through global liberalization.
• D) trading bloc members prefer competing globally rather than locally.

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Definitions:

Assumption of the Risk

A legal theory in personal injury cases where the plaintiff is considered to have voluntarily accepted a known risk associated with an activity or condition, possibly limiting the defendant's liability.

Comparative Negligence

A principle of tort law that compares the negligence of the conflicting parties and apportions damages accordingly.

Res Ipsa Loquitur

A Latin term that means "the thing speaks for itself," used in tort law to refer to cases where the negligence is inferred from the nature of the accident.

Actual Cause

The true reason an event occurred, which directly led to the damage or injury, forming a basis for establishing legal liability.