Which of the Following Statements Is TRUE About the Removalof

question 45

Multiple Choice

Which of the following statements is TRUE about the removalof trade barriers?

• A)Consumers are harmed while some suppliers benefit.
• B)Consumers benefit while some suppliers are harmed.(True Answer )Correct
• C)Everyone benefits.
• D)Everyone is harmed.

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Behavioral Economists

Economists who study the impacts of psychological, cognitive, emotional, cultural, and social factors on economic decisions made by individuals and institutions.

Behavioral Economics

An area of economics that incorporates insights from psychology to understand decision-making and economic behavior that deviates from classical economic theories.