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:

Medicare

A federal health insurance program in the United States for people aged 65 and older, as well as for some younger individuals with disabilities.

Federal Budget Deficit

The financial shortfall when the federal government's expenditures exceed its revenues in a fiscal year.

Aggregate Supply

The total supply of goods and services available to a particular market from producers at various price levels, in the context of macroeconomic analysis.

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.