Howard Believes That There Should Be No Trade Restrictions for Any

question 127

Multiple Choice

Howard believes that there should be no trade restrictions for any reason. What effect would Howard say that trade restrictions have on prices?

• A) He would argue that by encouraging competition with trade restrictions, prices are likely to decrease.
• B) He would argue that restrictions would cause greater competition and therefore lead to higher prices.
• C) He would say that trade restrictions have no impact on prices, but they do restrict consumers' choices.
• D) He would say that restrictions reduce competition and therefore cause an increase in prices.
• E) He would argue that trade restrictions increase prices because they break up domestic monopolies.

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Definitions:

Amino Acid Sequence

The order in which amino acids are arranged in a protein, dictating the protein's structure and function.

Prokaryotes

Microorganisms characterized by the absence of a distinct nucleus and other organelles, including bacteria and archaea.

Gene Pool

The complete set of unique alleles in a species or population.

Genetic Drift

Mechanism of evolution due to random changes in the allelic frequencies of a population; more likely to occur in small populations or when only a few individuals of a large population reproduce.