Empirical Evidence Supports the Theory That Free Trade

question 26

Multiple Choice

Empirical evidence supports the theory that free trade:

• A) increases economic growth.
• B) decreases economic growth.
• C) increases imports, but decreases exports because of greater global competition.
• D) increases both imports and exports, but does not contribute to overall economic growth.

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Definitions:

Reward Model

A system or framework designed to provide incentives or rewards based on certain behaviors or achievements.

Crowdfunders

Individuals who collectively invest or donate small amounts of money towards a project, product, or venture typically through an online platform.

Prizes

Awards or rewards given for a specific achievement or competition.

Patronage Model

A crowdfunding model where backers do not expect any direct return for their donation or investment.