Assume the U

question 98

Multiple Choice

Assume the U.S.has a competitive advantage in producing calculators,while the rest of the world has a competitive advantage in steel.Suppose the U.S.and the rest of the world enter into an agreement to lower import quotas below existing levels on calculators and steel.Which of the following would least likely occur for the U.S.? Rising levels of:

• A) Consumer surplus for American buyers of steel
• B) Producer surplus for American steelmakers
• C) Production in the American calculator industry
• D) Producer surplus for American calculator producers

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Definitions:

Psychogenic Amnesia

Memory loss caused by psychological stress or trauma, not by neurological factors.

Organic Amnesia

A form of amnesia caused by brain injury or damage affecting memory, not linked to psychological factors.

Dissociative Fugue

A rare psychiatric disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Psychoanalytic Theory

A set of theories originating from Sigmund Freud, which suggest that human behavior is profoundly influenced by unconscious motives.