Economists Consider the Effects of Free Trade on Income Distribution

question 57

Multiple Choice

Economists consider the effects of free trade on income distribution to be ________ important than the effects on overall welfare because ________.

• A) more; the effects on income distribution are major and consequential
• B) less; the wealthy benefit and only the poor lose
• C) less; many factors besides trade affect income distribution
• D) more; those who are harmed are not compensated by those who gain
• E) less; the effects on income distribution are minor and inconsequential

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Definitions:

Base Classes

In object-oriented programming, classes that act as a foundation from which other classes (derived or child classes) can be created through inheritance.

Interface

A programming construct that defines a contract of methods that implementing classes must provide, used to enforce a set of behaviors.

Comparable Interface

An interface in Java that imposes a natural ordering on the objects of each class that implements it, used to allow objects to be compared.

Java.util

The java.util package provides a collection of utility classes that are useful for tasks involving collections, dates, and system properties.