A Significant Advantage to Being a Member of a Trade

question 51

Multiple Choice

A significant advantage to being a member of a trade bloc is

• A) higher tariff collections from member countries.
• B) reduced or eliminated tariffs among member countries.
• C) reduced tariff rates only for the largest member countries.
• D) None of the above; there is no economic advantage to a trade bloc.

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Definitions:

Axis I Disorder

A classification used in previous versions of the DSM, referring primarily to mental disorders that are acute and typically symptomatic, such as mood disorders and anxiety disorders.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a manual published by the American Psychiatric Association that includes all currently recognized mental health disorders.

Personality Disorders

A group of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from cultural norms.

Biological Perspective

A view in psychology that emphasizes the study of physiological bases of behavior in humans and animals.