Obstacles That Restrict Trade, Either Domestic or International, Will

question 74

Multiple Choice

Obstacles that restrict trade, either domestic or international, will

• A) reduce output, income, and the general living standard of the populace.
• B) help people achieve higher income levels.
• C) help promote high rates of economic growth.
• D) encourage domestic business firms to expand output so they can achieve larger gains from the adoption of mass production techniques.

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Definitions:

Anterograde Amnesia

A condition where an individual is unable to form new memories following the onset of an amnesia-causing event, though long-term memories from before the event may remain intact.

Working Memory

A system for temporarily holding and manipulating information necessary for cognitive tasks such as learning, reasoning, and comprehension.

Mnemonics

Memory aids, often involving patterns or associations, such as phrases or rhymes, that facilitate the recall of information.

Peg Methods

Mnemonic techniques for memory enhancement in which items to be remembered are associated with a list of peg words known in a specific order.