Many Economists Support Trade Agreements, Maintaining That the Agreements Improve

question 76

Multiple Choice

Many economists support trade agreements, maintaining that the agreements improve economic efficiency because they result in goods being produced

• A)at the highest profit margin.
• B)with maximum deadweight loss.
• C)with zero producer surplus.
• D)at the lowest opportunity cost.

---

Definitions:

Obedience

The act of following orders or complying with instructions, rules, or laws imposed by authorities.

Cognitive Dissonance

The psychological stress experienced when a person holds two conflicting thoughts, beliefs, attitudes, or values.

Attitudinal Shift

A change in belief or perspective often resulting from information, experience, or persuasion.

Cheating

Engaging in dishonest or unfair actions to gain an advantage, commonly associated with academic, relationship, or sport contexts.