Which of These Occurs If an Economy Is Opened to Trade

question 9

Multiple Choice

Which of these occurs if an economy is opened to trade?

• A) Free trade might increase the efficiency with which a country uses its resources.
• B) Economies of small-scale production would not be available as trade expands the size of the total market available to domestic firms.
• C) Free trade would decrease a country's stock of resources as increased supplies of labour and capital from abroad become available for use within the country.
• D) Domestic producers would be stimulated to look for new ways to increase their productivity.
• E) Prices for consumer goods may increase

Understand the connection between sexual arousal, violence, and behavioral predictors.

Discuss the impact of wealth on happiness and well-being.

Analyze the predictors of violence and aggressive behavior.

Understand the role of significant life events on long-term happiness.

---

Definitions:

Ethical Principles

Fundamental guidelines in ethics that inform and guide moral conduct in various fields and situations.

Ethical Codes

A set of guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.

Dilemma

A dilemma is a situation requiring a choice between two equally undesirable alternatives or posing a difficult problem seemingly without a satisfactory solution.

Intrinsically Good

Something that is good in and of itself, valued for its own sake rather than for its outcomes or consequences.