The Fact That Economists Are Generally United in Their Support

question 116

Multiple Choice

The fact that economists are generally united in their support of free trade is traceable to

• A)the principle of absolute advantage.
• B)the arguments made by Adam Smith and David Ricardo.
• C)the decline in the power of labor unions during the 20ᵗʰ century.
• D)All of the above are correct.

---

Definitions:

Perceived Relationship

The subjective understanding or interpretation of the nature, quality, and dynamics of a connection between entities.

Expectancy Model

A psychological theory that explains motivation as a process where individuals evaluate the likelihood that their efforts will lead to desired outcomes.

Technical Skills

Specific abilities or knowledge related to particular tasks, technologies, or fields of work.

Equity Theory

A theory in social psychology that explains how individuals perceive fairness in the distribution of resources within interpersonal relationships.