Usually the Removal of Trade Barriers Affecting a Particular Good

question 65

Multiple Choice

Usually the removal of trade barriers affecting a particular good benefits ________ people domestically,each of whom gains a ________.

• A)a few;little
• B)a few;lot
• C)many;little
• D)many;lot
• E)We can't determine the relative benefits from the removal of trade barriers.

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Individual Behaviours

Actions or reactions of an individual, guided by personal reasons, motivations, or psychological processes.

Education

is the process of facilitating learning, or the acquisition of knowledge, skills, values, and habits through various forms of teaching, training, or research.

Gross Domestic Product

The total market value of all final goods and services produced within a country in a given period, used as an indicator of economic health.