If a Nation Opens Up to Free Trade and Becomes

question 32

Multiple Choice

If a nation opens up to free trade and becomes an importer of goods,which of the following is then true?

• A) The nation as a whole loses.
• B) Sellers lose.
• C) Sellers gain.
• D) Buyers lose.

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Definitions:

Well-Being

The state of being comfortable, healthy, or happy, encompassing physical, mental, and social health.

Material Resources

Physical or tangible assets such as equipment, buildings, and raw materials that are available for use or consumption.

Multi-Axial System

A diagnostic system used in psychology that allows for an assessment across several domains of an individual's functioning, historically part of DSM-IV.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a classification and diagnostic tool used in psychiatry.