Which of the Following Groups Is Likely to Lose from Free

question 94

Multiple Choice

Which of the following groups is likely to lose from free trade?

• A)Producers of an industry that has been protected from foreign competition
• B)Consumers purchasing goods and services
• C)Firms aware of the potential gain from free trade
• D)Foreign producers buying quota rights to sell goods in the domestic market
• E)Domestic producers importing raw materials for the production of manufactured goods

---

Definitions:

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Self-Esteem

The overall sense of value or worth a person attributes to themselves.

Situational Effect

The impact that immediate environmental or contextual factors have on an individual's behavior, choices, or emotions at a given time.

Social Psychology

The scientific study of how an individual's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.