One Reason Why There May Be a Bias Against Free

question 4

Multiple Choice

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

• A)those harmed by trade have a powerful incentive to lobby against it
• B)people prefer domestically-produced goods to foreign-produced goods
• C)people prefer foreign-produced goods to domestically-produced goods
• D)the terms of trade are too low
• E)the exchange rate is too high

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Definitions:

Administrative Agency

Any government body created by the legislative branch (e.g., Congress, a state legislature, or a city council) to carry out specific duties.

Independent Agencies

Government organizations that operate independently of the executive departments, tasked with regulating and overseeing specific areas of public policy.

Social Regulation

Rules imposed by government to correct market failures and achieve social policy goals, such as environmental protection and worker safety.

Executive Agencies

Agencies of the executive branch of government that are task-focused and responsible for the execution of laws and government policies.