The Efficiency Case Made for Free Trade Is That as Trade

question 31

Multiple Choice

The efficiency case made for free trade is that as trade distortions such as tariffs are dismantled and removed

• A) government tariff revenue will decrease, and therefore national economic welfare will decrease.
• B) government tariff revenue will decrease, and therefore national economic welfare will increase.
• C) deadweight losses for producers and consumers will decrease, hence increasing national economic welfare.
• D) deadweight losses for producers and consumers will decrease, hence decreasing national economic welfare.
• E) government tariff revenue will increase, hence increasing national economic welfare.

---

Definitions:

Lewin's Theory

A psychological framework proposed by Kurt Lewin, focusing on the dynamics of change within groups and organizations, highlighting the processes of unfreezing, changing, and refreezing to facilitate change.

Cognitive Structure

The mental frameworks that individuals use to organize and interpret information, influencing perception and understanding.

Z-track Injection

A method of intramuscular injection that minimizes medication leakage and ensures the medication is absorbed in the muscle tissue.

Learning Experience

An educational process or activity that facilitates acquiring knowledge, skills, values, or perspectives through study, experience, or teaching.