A Common Argument in Favor of Restricting International Trade in Good

question 21

Multiple Choice

A common argument in favor of restricting international trade in good x is based on the premise that

• A)international trade reduces total surplus in countries that export good x.
• B)international trade reduces total surplus in countries that import good x.
• C)international trade is desirable only when countries with different domestic supplies of natural resources play by different rules when trading with one another.
• D)trade restrictions can be useful when one country bargains with its trading partners.

---

Definitions:

Emotional Loyalty

A consumer's emotional attachment to a brand, which goes beyond simply purchasing from the brand out of habit or preference.

Evolutionary Perspective

A theoretical approach that explains various aspects of human nature as adaptations made possible by natural selection.

Jealousy

An emotional state that arises from perceived threats to a valued relationship or position, often accompanied by feelings of insecurity and fear of loss.

Receptive Female

Refers to a female organism in the period during which she is willing to accept a male for mating.