Trade Theorists Have Proven That the Gains from International Trade

question 11

Multiple Choice

Trade theorists have proven that the gains from international trade

• A) must raise the economic welfare of every country engaged in trade.
• B) must raise the economic welfare of everyone in every country engaged in trade.
• C) must harm owners of "specific" factors of production.
• D) will always help "winners" by an amount exceeding the losses of "losers."
• E) usually outweigh the benefits of protectionist policies.

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Definitions:

Hydrophobic Region

Part of a molecule that is repellent to water, often found in lipids and integral membrane proteins.

Hydrophilic Region

Describes a part of a molecule or structure that is attracted to water and tends to interact well with it.

Hydrogen Bond

A weak bond between two molecules resulting from an electrostatic attraction between a proton in one molecule and an electronegative atom in the other.

Polar Covalent Bond

A polar covalent bond is a type of chemical bond where electrons are unequally shared between atoms, leading to a distribution of electrical charge.