What Is the Effect of Opening Trade Between Countries

question 73

Multiple Choice

What is the effect of opening trade between countries?

• A)Living standards rise in the country with more productive, higher-paid workers.
• B)Total world production reduces, as both countries specialize in specific goods.
• C)Living standards fall in the country with less productive, lower-paid workers.
• D)Both countries can exploit absolute advantage and increase productivity.

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Definitions:

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Conditions of consciousness that significantly differ from one's normal waking state, which can be achieved through meditation, drugs, hypnosis, or other methods.

Effective Treatment

A therapeutic intervention or approach that has been scientifically tested and proven to work in improving or curing a condition or disease.

Imaginative Suggestibility

A trait that determines how receptive a person is to suggestions, leading to altered perceptions or behaviors based on imagination.

Social Cognitive Theory

A theory of learning and social behavior which asserts that new behaviors can be acquired by observing and imitating others.