International Trade Has Strong Effects on Income Distributions

question 63

Multiple Choice

International trade has strong effects on income distributions.Therefore,international trade

• A) will tend to hurt some groups in each trading country.
• B) is beneficial to everyone in both trading countries.
• C) will tend to hurt one trading country.
• D) will tend to hurt everyone in both countries.
• E) will be beneficial to all those engaged in international trade.

---

Definitions:

Manufacturing

The method of transforming unfinished materials, components, or pieces into final products that satisfy a customer’s expectations or standards.

Product Units

Discrete pieces or quantities of items that have been produced and are often counted, measured, or sold individually.

Flexibility of Practice

The capacity of a firm or practitioner to adjust and adapt procedures or methods in response to different situations or requirements.

Managerial Accounting

The practice of analyzing, interpreting, and communicating financial information to managers for the purpose of making informed business decisions.