The Overall Welfare Effects of Trade Are ________ If ________

question 17

Multiple Choice

The overall welfare effects of trade are ________ if ________.

• A) positive; the domestic economy grows faster than do foreign economies
• B) positive; more people gain from trade than lose from it
• C) negative; some people are made worse off by trade
• D) negative; those who lose can compel those who gain to compensate them for their losses
• E) positive; those who gain can compensate those who lose and still be better off

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Definitions:

Aggression

A range of behaviors intended to harm or destroy, which can be physical or verbal.

Aggression-replacement Program

A behavioral intervention designed to help individuals reduce aggressive behavior by learning alternative ways to express themselves and cope with situations.

Moral Reasoning

The process of determining right from wrong in a principled way, often guided by ethics and personal values.

Other-race Effect

The tendency to more easily recognize faces of the race that one is most familiar with, also known as the cross-race effect.