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

question 33

Multiple Choice

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

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

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Definitions:

Comparison Other

The process of evaluating oneself by comparing with others, often in regard to accomplishments, appearance, or status.

Procedural Justice

The perception of fairness in the processes and procedures that are used to make decisions and allocate resources within an organization.

Structural Rules

The established guidelines or principles that define the configuration, construction, or procedure within a structure or system.

Social Rules

Implicit or explicit guidelines that govern behavior within a group or society.