Walter Is a Financial Expert

question 46

Multiple Choice

Walter is a financial expert. He has always been skeptical when it comes to the concept of free trade and believes that trade between countries should be subjected to certain restrictions. According to him, "Conducting trade without government intervention is laying the ground for anarchy." Which of the following, if true, supports Walter's beliefs?

• A) Free-trade policies only cause short-term economic growth.
• B) Free trade can lead to dumping activities.
• C) Free-trade policies tend to focus more on infant industries rather than exploring bigger opportunities.
• D) Free trade creates trade surplus for both the countries that trade with each other.

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Definitions:

Nowicki-Strickland

A psychological assessment tool used to measure an individual's perceived locus of control.

Locus of Control

A psychological concept that refers to how strongly people believe they have control over the situations and experiences that affect their lives.

Locus of Control

A mental principle suggesting the level of conviction individuals possess regarding their ability to influence the circumstances and events impacting their existence.

Extraverted

Characterized by an outward-focused orientation, enjoying social interactions, and drawing energy from being around other people.