One Reason Why There May Be a Bias Against Free

question 111

Multiple Choice

One reason why there may be a bias against free trade is that

• A)transportation costs are too high
• B)absolute advantage may outweigh comparative advantage
• C)those who benefit from trade have little incentive to lobby for it
• D)the terms of trade may be too high
• E)people prefer importing to exporting

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Definitions:

Racial Ideologies

involve systems of belief that attempt to categorize and value human beings based on perceived racial differences.

Economic Ideologies

Sets of beliefs and principles that outline how economies should be structured, including capitalism, socialism, and communism.

State versus National Sovereignty

A constitutional and political debate in the United States regarding the extent of powers and rights of individual states versus the federal government.

Federal Government

The national government of a federated state, which holds the authority over the political system's broad functions.