In General, If a Country Allows Trade and Becomes an Importer

question 26

True/False

In general, if a country allows trade and becomes an importer of a good, domestic producers of the good are worse off, domestic consumers of the good are better off, but the economic wellbeing of the country increases.

---

Definitions:

Big Five Factors

A psychological theory that identifies five fundamental aspects of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Six-Factor Model

A personality framework suggesting the existence of six broad dimensions of human personality traits, expanding beyond the commonly referenced Big Five model.

HEXACO

A model of personality structure that expands on the Big Five traits, including Honesty-Humility, Emotionality, eXtraversion, Agreeableness, Conscientiousness, and Openness to Experience.

16 PF

A personality test that assesses sixteen primary personality factors, based on Raymond Cattell's trait theory.