When,in Our Analysis of the Gains and Losses from International

question 161

Multiple Choice

When,in our analysis of the gains and losses from international trade,we assume that a particular country is small,we are

• A)assuming the domestic price before trade will continue to prevail once that country is opened up to trade with other countries.
• B)assuming there is no demand for that country's domestically-produced goods by other countries.
• C)assuming international trade can benefit producers,but not consumers,in that country.
• D)making an assumption that is not necessary to analyze the gains and losses from international trade.

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Definitions:

Social Learning

Learning through observing others and imitating them.

Early Experience

Refers to the influential effects that events and environments have on an individual during the early stages of their development.

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A behavior exhibited by honeybees to communicate the direction and distance of food sources to other members of the colony.

Scout Bee

A worker bee that searches for new sources of food or a new location for the hive and then communicates this information to the colony.