Suppose That a Country with a Closed Economy Opens Itself

question 30

Multiple Choice

Suppose that a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, domestic suppliers will supply _____ of that good after it
Opens itself to international trade.

• A) more
• B) same amount
• C) none
• D) less

Use Venn diagrams to visually represent events and their probabilities.

Develop problem-solving skills by applying probability theory to diverse situations.

Understand basic probability concepts including events, sample points, and sample space.

Distinguish between union, intersection, and complement of events.

---

Definitions:

Self-Employed Individuals

Persons who operate their own businesses or work as freelancers, responsible for their taxes and often not entitled to employee benefits.

Title VII

A section of the Civil Rights Act of 1964 that makes it illegal to discriminate in employment on the grounds of race, color, religion, gender, or ethnic background.

Civil Rights Act

A significant law in the United States that prohibited discrimination on the basis of race, color, religion, sex, or national origin.

Bona Fide Occupational Qualification

A legal defense used by employers to justify discrimination based on religion, age, sex, etc., if it is reasonably necessary to the normal operation of that particular business.