Which of the Following Are Countries That Limit Foreign Trade

question 178

Multiple Choice

Which of the following are countries that limit foreign trade likely to do

• A)forego the additional surplus that trade allows, but probably enjoy economies of scale
• B)forego the additional surplus that trade allows, but be compensated by a higher rate of technological change
• C)forego the additional surplus that trade allows, but have a lower rate of unemployment
• D)forego the additional surplus that trade allows, but have more firms with domestic market power

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Definitions:

Presidential Democracies

A system of government in which a constitution outlines the separation of political power into branches, the president (executive branch) is most often elected directly in a presidential vote

Egalitarianism

The doctrine that advocates for equal rights and opportunities for all people in a society.

Legislative Branch

One of the branches of government responsible for making and enacting laws.

Trade Control

Regulations and policies implemented by a government to manage and control international trade and exports.