Why Does Compensating Those Harmed by Trade Represent a "Pareto

question 19

Multiple Choice

Why does compensating those harmed by trade represent a "Pareto improvement"?

• A)Trade benefits the country as a whole sufficiently that the country can provide compensation,thus improving the outcome for those hurt by trade,while still coming out ahead overall.
• B)Tying compensation to trade makes trade so costly that it will only occur when it is extremely beneficial to the country.
• C)Generous compensation will draw additional workers from abroad,thus increasing the output of the protected industry.
• D)Compensation improves the efficiency of workers,which can counteract the comparative disadvantage labor has in a developed economy.

Understand the concept of cognitive dissonance and its impact on behavior.

Describe how attitudes are formed and their components.

Identify the major categories of emotions and their specific examples.

Understand the impact of external information on individuals' emotions like pity, envy, and jealousy.

---

Definitions:

Systematic Attacks

Coordinated and planned actions intended to cause damage or disorder to a system or community.

Unable

The state of being not capable of performing a task or achieving a goal.

Withdrawn-Rejected

A social categorization used to describe individuals, typically children, who are socially withdrawn and are actively rejected by their peers.

Victim

A person who has suffered harm, injury, or loss as a result of another individual's actions or events beyond their control.