When the Nation of Isoland Opens Up Its Steel Market

question 142

Multiple Choice

When the nation of Isoland opens up its steel market to international trade,that change

• A)creates winners and losers,regardless of whether Isoland ends up exporting or importing steel.
• B)results in a decrease in total surplus,regardless of whether Isoland ends up exporting or importing steel.
• C)creates winners,but no losers,if Isoland ends up exporting steel.
• D)creates losers,but no winners,if Isoland ends up importing steel.

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Definitions:

Easygoing Temperaments

Refers to personality traits characterized by calmness, flexibility, and a relaxed approach to life.

Wary of Strangers

A cautious or suspicious attitude towards unfamiliar people, often considered a natural or learned protective response.

Months of Age

A unit of time used to describe the age of a person, particularly infants and young children, in terms of months rather than years.

Contact Comfort

The psychological and physical comfort that an individual experiences from touching or being in close physical contact with others, especially significant in the context of infant-caregiver attachment.