When,in Our Analysis of the Gains and Losses from International

question 161

Multiple Choice

When,in our analysis of the gains and losses from international trade,we assume that a particular country is small,we are

• A)assuming the domestic price before trade will continue to prevail once that country is opened up to trade with other countries.
• B)assuming there is no demand for that country's domestically-produced goods by other countries.
• C)assuming international trade can benefit producers,but not consumers,in that country.
• D)making an assumption that is not necessary to analyze the gains and losses from international trade.

---

Definitions:

Manager

Someone tasked with overseeing an organization or directing a group of workers.

Problem Solving

The process of identifying a challenge, obstacle, or discrepancy and applying knowledge and skills to resolve it effectively.

Strong Performer

An individual who consistently achieves high levels of performance.

Causal Attributions

The process of explaining the causes of behavior and events, which can influence one's understanding and reaction to situations.