When the Nation of Isoland Opens Up Its Steel Market

question 142

Multiple Choice

When the nation of Isoland opens up its steel market to international trade,that change

• A)creates winners and losers,regardless of whether Isoland ends up exporting or importing steel.
• B)results in a decrease in total surplus,regardless of whether Isoland ends up exporting or importing steel.
• C)creates winners,but no losers,if Isoland ends up exporting steel.
• D)creates losers,but no winners,if Isoland ends up importing steel.

---

Definitions:

Media Technologies

Tools and platforms that facilitate the creation, distribution, and consumption of information and entertainment content.

Media Influence

The effect that various forms of media have on the opinions, beliefs, behaviors, and attitudes of individuals and society at large.

Cynical Of Government

A skeptical attitude towards government, doubting the integrity or competency of public officials or the system.

Traditional Media

Forms of mass communication such as newspapers, television, and radio that have existed prior to the advent of digital media.