Countries That Restrict Foreign Trade Are Likely to

question 25

Multiple Choice

Countries that restrict foreign trade are likely to

• A)forgo the additional surplus that trade allows,but will probably enjoy economies of scale.
• B)forgo the additional surplus that trade allows,but will be compensated by a higher rate of technological change.
• C)forgo the additional surplus that trade allows,but will have a lower rate of unemployment.
• D)have more firms with domestic market power.

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Definitions:

Individual Data Elements

Single pieces of information or data that are collected and analyzed in a research study.

Sample Variance

A measure of the dispersion or variability in a sample data set, calculated as the average squared deviation of each number from the mean of the data set.

Negative

A term used to describe values, numbers, or expressions that are less than zero, often indicating a direction opposite to what is considered positive.

Positive

A term indicating a value greater than zero, or a positive direction or effect.