When a Certain Nation Abandoned a Policy of Prohibiting International

question 234

Multiple Choice

When a certain nation abandoned a policy of prohibiting international trade in automobiles in favor of a free-tree policy,the result was that the country began to import automobiles.The change in policy improved the well-being of that nation in the sense that

• A)both producers of automobiles and consumers of automobiles in that nation became better off as a result.
• B)the gains to automobile producers in that nation exceeded the losses of the automobile consumers in that nation.
• C)the gains to automobile consumers in that nation exceeded the losses of the automobile producers in that nation.
• D)even though total surplus in that nation decreased,it was still true that consumer surplus and producer surplus increased.

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Definitions:

Neuroscience Paradigm

A framework or approach within neuroscience that dictates the standards, methodologies, and interpretations of research in the field.

Analagously

means in a way that is similar or comparable in certain respects, typically for the purpose of explanation or clarification.

Implicit Encoding

Implicit encoding is the process of storing information without conscious awareness, typically involving memories of skills and habits.

Consciously Created

Products, ideas, or situations that are made or brought about through deliberate and purposeful thought and action.