The Logic of Collective Action Helps Us Understand Several Important

question 13

Multiple Choice

The logic of collective action helps us understand several important characteristics of trade politics in advanced industrial countries including that

• A) consumers, rather than producers, dominate trade politics.
• B) export-oriented sectors demanding liberalization dominate trade politics.
• C) import-competing sectors demanding liberalization dominate trade politics.
• D) reciprocal trade agreements make it harder for export-oriented industries.
• E) governments often liberalize unilaterally.

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Definitions:

Moral Hazard

A situation in which one party takes greater risks because someone else bears the cost of those risks.

All-you-can-eat Buffets

A service model in restaurants where customers pay a fixed price to consume as much food as they want from a variety of dishes.

Heavier Cars

Automobiles that are of greater mass, often affecting fuel efficiency and dynamics.

Surgical Weight Loss

medical procedures that aim to facilitate significant weight loss, usually reserved for individuals with obesity-related health issues.