Which of the Following Is a Reason for the Lack

question 139

Multiple Choice

Which of the following is a reason for the lack of political will to remove impediments to development resulting from freer trade?

• A) The potential losers fight reforms that might harm their livelihood.
• B) Domestic producers do not recognize their losses.
• C) Consumers are fully aware of the benefits of freer trade.
• D) Losses from freer trade are widespread.
• E) The government is unstable and therefore incapable of removing the trade barriers.

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Definitions:

International Trade

The trade of products, services, and funds across borders or territories of different countries.

Autarky Price

The price of a good or service within a country that is not involved in trade; the domestic price in the absence of international trade.

Autarky Price

The price of a good in a country when it is closed to international trade, reflecting the balance of domestic supply and demand.

International Trade

The exchange of goods, services, and capital between countries or territories.