A Major Reason Why It Is Difficult to Lower the Barriers

question 240

Multiple Choice

A major reason why it is difficult to lower the barriers to free trade is

• A) that total benefits are less than total costs from free trade.
• B) the uneven distribution of gains and losses from free trade.
• C) the loss of jobs without any gain of jobs from free trade.
• D) the inability to compensate losers from free trade.
• E) that the barriers allow us to compete with cheap foreign labor.

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Definitions:

Prescriptive Theories

Prescriptive theories offer specific recommendations or guidelines for actions, aiming to produce desired outcomes based on established principles or empirical findings.

Particular Type

A specific category or class with distinct characteristics that distinguish it from others.

Necessary Conditions

Necessary conditions are requirements or prerequisites that must be met for a certain event to occur or for a certain statement to be true, without which the event or statement cannot materialize.

Leadership Theories

A set of concepts and models that explain how leadership influences the performance and behavior of individuals and groups.