Trade Between Two Countries

question 180

Multiple Choice

Trade between two countries:

• A) results in more choices and better prices for consumers.
• B) may cause job loss and firm closings in the country without the comparative advantage.
• C) is always positive for both consumers and producers.
• D) results in more choices and better prices for consumers and may cause job loss and firm closings in the country without the comparative advantage.

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Definitions:

Securities Act

A law or legislation that regulates the issuance and sale of securities to protect investors against misrepresentation, deceit, and other frauds.

Proxy

A document evidencing the transfer of a shareholder’s voting right to an appointee, either with instructions for voting, or allowing discretion to be exercised by the appointee, at a meeting of shareholders of the corporation.

Transferred Right

Involves transferring a legal right from one party to another, which could include property rights, contractual rights, or other legal entitlements.

Corporate Ballot

A voting system utilized within corporations whereby shareholders vote on company matters, either in person at meetings or via proxy.