The Fact That Trade Policy Often Imposes Harm on Large

question 46

Multiple Choice

The fact that trade policy often imposes harm on large numbers of people, and benefits only a few may be explained by

• A) the lack of political involvement of the public.
• B) the power of advertisement.
• C) the problem of collective action.
• D) the basic impossibility of the democratic system to reach a fair solution.
• E) a cycle of political corruption.

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Definitions:

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a specific period of time.

Revenue Expenditures

Payments made for ordinary maintenance of an asset or unnecessary or unreasonable situations.

Plant Assets

Long-term tangible assets used in the production of goods or services.

Capital Expenditures

Original cost of an asset as well as additions or enlargements, extraordinary repairs, and betterments.