Under the Theory of Comparative Advantage,liberalization of International Trade Will

question 31

Multiple Choice

Under the theory of comparative advantage,liberalization of international trade will

• A)enhance the welfare of the world's citizens.
• B)create unemployment and displacement of workers permanently.
• C)result in higher prices in the long run as monopolist are able to charge higher prices after eliminating their competitors.
• D)all of the options

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Definitions:

Humanistic Psychology

A psychological perspective that emphasizes the study of the whole person and the uniqueness of individual experience and potential.

Component Parts

The individual elements or pieces that make up a larger system, device, or item, emphasizing the importance of each part to the functioning of the whole.

Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing observable behaviors over internal states.

Psychoanalysis

A method of therapy and theory of personality developed by Sigmund Freud that emphasizes unconscious motives and conflicts as the sources of human behavior.