If Trade Opens Up Between the Two Formerly Autarkic Countries,Australia

question 15

Multiple Choice

If trade opens up between the two formerly autarkic countries,Australia and Belgium,then

• A) the real income of both countries may increase.
• B) the real income of Australia and of Belgium will increase.
• C) the real income of Australia but not of Belgium will increase.
• D) the real income of neither country will increase.
• E) the real income of both countries will increase.

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Definitions:

Attributions

Explanations one gives for the causes of events, behaviors, and outcomes, often as internal (personal) or external (situational) factors.

Success

The achievement of a set goal, target, or objective.

Failure

The state or condition of not meeting a desirable or intended objective, often perceived as the opposite of success.

Likert Scale

A psychometric scale commonly involved in research that employs questionnaires. It is used for assessing attitudes by asking respondents to rate their level of agreement to a statement.