A Common Argument in Favor of Restricting International Trade in Good

question 21

Multiple Choice

A common argument in favor of restricting international trade in good x is based on the premise that

• A)international trade reduces total surplus in countries that export good x.
• B)international trade reduces total surplus in countries that import good x.
• C)international trade is desirable only when countries with different domestic supplies of natural resources play by different rules when trading with one another.
• D)trade restrictions can be useful when one country bargains with its trading partners.

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Definitions:

Shark

A group of elasmobranch fish characterized by their cartilaginous skeletons, five to seven gill slits on the sides of the head, and pectoral fins that are not fused to the head.

Tuna

A species of saltwater fish that belongs to the tribe Thunnini, a subgrouping of the mackerel family.

Extant Mammal Groups

Currently living mammalian groups, such as marsupials, rodents, and primates, that have differentiated into distinct species through evolution.

Dinosaurs

A diverse group of reptiles of the clade Dinosauria that first appeared during the Mesozoic Era.