International Economists Cannot Discuss the Effects of International Trade or Recommend

question 17

Multiple Choice

International Economists cannot discuss the effects of international trade or recommend changes in government policies toward trade with any confidence unless they know

• A) their theory is the best available.
• B) their theory is internally consistent.
• C) their theory passes the "reasonable person" legal criteria.
• D) their theory is good enough to explain the international trade that is actually observed.
• E) their theory accounts for China's unique position in international trade.

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Definitions:

Economic Perspective

Viewing situations and making decisions based on costs, benefits, and impact on resources.

Self-Interest

The pursuit of personal advantage and well-being with little or no regard for others.

Matching Phenomenon

The idea that people seek romantic relationships with others who are similar to them in physical attractiveness.

Physical Attractiveness

The degree to which a person's physical traits are considered aesthetically pleasing or beautiful in a given culture or society.