A Defining Characteristic of a "Large Nation" Relative to a "Small

question 5

Multiple Choice

A defining characteristic of a "large nation" relative to a "small nation" with respect to identifying the welfare effects of a tariff is that the:

• A)large nation is sufficiently powerful to influence the world market price of the imported commodity
• B)large nation has a higher per capita income than the small nation
• C)large nation is a monopsonist in the market for the imported commodity
• D)large nation has a higher marginal rate of substitution for the imported commodity than the small nation

---

Definitions:

Depression

A common and serious mood disorder characterized by persistent sadness, loss of interest in activities, and other symptoms that impair daily functioning.

Suicide

The deliberate action of taking one's own life.

Abnormality

A deviation from the norm or average, often referring to behaviors, feelings, or thoughts that are unusual or atypical within a culture or society.

Concordance Rates

The likelihood of two individuals sharing a particular trait or disorder, often used to study the influence of genetics versus environment in twins.