Which of the Following Best Identifies the Effects of Trade

question 63

Multiple Choice

Which of the following best identifies the effects of trade policies? And on firms or industries?

• A)Trade policies affect the trade balance and all firms and industries the same.
• B)Trade policies affect the trade balance and some firms or industries differently than others.
• C)Trade policies do not affect the trade balance, but they affect some firms or industries differently than others.
• D)Trade policies affect neither the trade balance nor specific firms or industries.

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Definitions:

Maintaining Fairness

Efforts and practices aimed at ensuring equitable treatment, justice, and equality in various contexts and interactions.

Respecting Authority

The act of showing consideration, understanding, and deference towards individuals in positions of power or responsibility.

Maintaining Purity

Efforts or practices aimed at preserving moral integrity, often associated with abstaining from certain behaviors viewed as contaminating or corrupting.

Altruistic Personality

A collection of personality traits, such as empathy, that render some people more helpful than others.