In the Specific Factors Model,the Effects of Trade on Welfare

question 66

Multiple Choice

In the specific factors model,the effects of trade on welfare overall are ________ and for fixed factors used to produce the exported good they are ________.

• A) positive; positive
• B) negative; positive
• C) positive; negative
• D) ambiguous; positive
• E) positive; ambiguous

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Definitions:

Force Liquidation

The process of quickly selling off assets or securities, typically at lower prices, often initiated by creditors or regulatory authorities.

Criminally Liable

The legal responsibility for committing a violation of law that is designated as an offense against the state or public, subject to punishment.

Crimes of Partners

Illegal acts committed within the context of a partnership that can implicate both the individual partner and potentially the partnership.

RUPA

The Revised Uniform Partnership Act, which provides a regulatory framework for the operation of partnerships in the United States.