Which Statement Is False

question 90

Multiple Choice

Which statement is false?

• A)Compared to 30 years ago,there is more sentiment in the U.S.for protection against the import of foreign goods.
• B)The basis for international trade is specialization.
• C)Our balance of trade has been negative since the early 1900s.
• D)None of the statements is true.

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Definitions:

Externalized Control

Externalized Control is a psychological concept referring to the belief that one's life and outcomes are predominantly controlled by external forces rather than one's own efforts or abilities.

Informal Sanction

A non-official punishment or reward within a society used to enforce social norms, such as shunning or praise.

Formal Sanctions

Officially recognized actions, penalties, or rewards intended to enforce compliance with laws, rules, or social norms.

Informal Sanctions

Punishments or rewards that are not officially sanctioned by law or formal authority, but arise from social norms and expectations.