From the Freshman to the Senior Year of College,most Students

question 37

Multiple Choice

From the freshman to the senior year of college,most students __________.

• A) become better at reflecting on the quality of their thinking
• B) lose their concern for human welfare and enthusiasm for political activism
• C) show a decreased tolerance for racial and ethnic diversity
• D) become experts in a field and develop master-level creativity

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Definitions:

General Agreement on Tariffs and Trade (GATT)

The international agreement reached in 1947 in which 23 nations agreed to eliminate import quotas, negotiate reductions in tariff rates, and give each other equal and nondiscriminatory treatment. It now includes most nations and has become the World Trade Organization.

World Trade Organization

An international organization that regulates international trade and ensures that trade flows as smoothly, predictably, and freely as possible.

Rent-Seeking Activity

Efforts by individuals or firms to gain unfair economic benefits through manipulation or exploitation of the regulatory or political environment, without contributing to productivity.