All of the Following Are Reasons Against Having Trade Restrictions

question 194

Multiple Choice

All of the following are reasons against having trade restrictions except

• A) the loss of jobs.
• B) the misallocation of international resources.
• C) the restriction of consumers' choices.
• D) higher prices for consumers.
• E) the protection of the health of citizens.

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Definitions:

Contributions

The act of giving or adding to something larger, such as ideas, work, or resources, to achieve a common goal.

Inducements

Incentives or rewards offered to motivate specific actions or behaviors from individuals or groups.

Self-serving Bias

A cognitive bias where individuals attribute positive outcomes to their own actions and negative outcomes to external factors.

Low Productivity

Reduced effectiveness in producing goods or services, often measured by output per labor hour.