Which of the Following Most Holds with What an Economic

question 66

Multiple Choice

Which of the following most holds with what an economic structuralist would say about free trade?

• A)Free trade hurt workers by giving more power to the owners.
• B)Free trade helps the workers, because it decreases the power of the owners.
• C)Free trade is not favorable to the global economy.
• D)Free trade has no impact on the relationship between workers and owners.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Producer Surplus

The disparity between what sellers are prepared to accept for a product or service and the amount they actually get.

Antitrust Laws

Legislation enacted by the government to prevent monopolies and to foster competition in the marketplace.

Illegal

Activities or actions that are forbidden by law or statute, punishable by fines, imprisonment, or other sanctions.