Trade Diversion May Be Such That the Combined Welfare of Two

question 131

Multiple Choice

Trade diversion may be such that the combined welfare of two
Nations in the agreement actually ____ because of ____, not
Completely offset by the _____.

• A)falls; loss of tariff revenue for the importing nation; gain in the exporting nation's producer surplus
• B)rises; gains from trade; loss of jobs in the importing industry
• C)rises; gain in tariff revenue; gain in jobs
• D)remains the same; loss of tariff revenue; gains from product variety

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Definitions:

Pulmonary Semilunar Valve

A valve in the heart located between the right ventricle and the pulmonary artery that prevents backflow of blood into the heart during ventricular relaxation.

Aortic Semilunar Valve

A valve in the heart situated between the left ventricle and the aorta that prevents blood from flowing back into the heart.

Pericardium

The pericardium is the fibrous sac that encloses the heart, providing it protection and the lubrication needed for its movements.

Lubrication

The process or technique of using a lubricant to reduce friction and wear between two surfaces in contact.