Figure 9-6 -Zelzar Has Decided to End Its Policy of Not Trading

question 117

Multiple Choice

Figure 9-6
-Zelzar has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing incense, exporting steel, and neither importing nor exporting rugs. Which groups in Zelzar are better off as a result of the new free-trade policy?

• A)producers of incense and consumers of steel
• B)consumers of all three goods
• C)consumers of incense and producers of rugs
• D)producers of steel and consumers of incense

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Definitions:

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in child development and his theory of cognitive development stages.

Identity Balance

Whitbourne’s term for a tendency to balance assimilation and accommodation.

Ryff Well-Being Inventory

A psychological assessment tool designed by Carol Ryff to measure multiple dimensions of well-being, including autonomy, personal growth, and purpose in life.

Self-Acceptance

The recognition and acceptance of one's own abilities and limitations.