If, in the Long Run, International Trade Improves the Standard

question 136

Multiple Choice

If, in the long run, international trade improves the standard of living in participating countries, why might some countries want to place trade barriers, such as tariffs, on imported products?

• A) Imported products compete with domestic products and thus put pressure on local business.
• B) Imported products are usually not as good quality as domestically made products.
• C) Generating government revenue is often more economically valuable than free trade.
• D) This is necessary to keep a country's currency strong.
• E) International trade tends to lead to political tension.

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Definitions:

Indeterminists

Indeterminists believe in the principle that not all events, including certain human actions, are necessarily determined by previously existing causes.

Free Choice

The ability to choose between different possible courses of action unimpeded by external constraints or coercion.

Soft Determinists

Philosophers or theorists who argue that human behavior and actions are determined by external and internal influences but still maintain that individuals have free will.

High Probability

A statistical measurement indicating a high likelihood or chance that a specific event will occur.