Which of the Following Is a Reason Why Only Limited

question 135

Multiple Choice

Which of the following is a reason why only limited attempts are made to compensate those who lose from free international trade?

• A) Free trade advocates consistently lobby to eliminate compensation.
• B) It would be difficult to determine the extent to which someone's sufferings were because of free trade and not due to reasons under their own control.
• C) No one loses in the from free trade in the long run.
• D) None of the above answers are correct.

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Definitions:

Total Losses

The complete financial loss amount suffered by an entity, typically used in insurance when referring to a loss where the insured item is totally damaged or destroyed.

Security Guards

Personnel employed to protect property, assets, or people, often found in various establishments or public areas.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one good for another more or less expensive one.

Firms

Business organizations that produce goods or offer services, typically with the aim of generating profit.