Which of the Following Groups Is Likely to Lose from Free

question 123

Multiple Choice

Which of the following groups is likely to lose from free trade?

• A) producers of an industry that has been protected from foreign competition
• B) consumers purchasing goods and services
• C) firms aware of the potential gain from free trade
• D) foreign producers buying quota rights to sell goods in the domestic market
• E) domestic producers importing raw materials for the production of manufactured goods

---

Definitions:

Bargained-for Exchange

A fundamental principle in contract law where both parties voluntarily agree to provide something of value to the other, forming a valid contract.

Actual Benefit

A term referring to the real, tangible advantages or gains received from a particular action, agreement, or situation.

Consideration

In contract law, a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract.

Paid in Full

A declaration that all outstanding debts or obligations have been completely settled.