Trade Theorists Have Proven That the Gains from International Trade

question 11

Multiple Choice

Trade theorists have proven that the gains from international trade

• A) must raise the economic welfare of every country engaged in trade.
• B) must raise the economic welfare of everyone in every country engaged in trade.
• C) must harm owners of "specific" factors of production.
• D) will always help "winners" by an amount exceeding the losses of "losers."
• E) usually outweigh the benefits of protectionist policies.

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Definitions:

Photosensitive Cells

Cells that are sensitive to light, playing a key role in vision by converting light into signals that can be processed by the brain.

Retina

The light-sensitive layer of tissue at the back of the inner eye that converts light into neural signals for vision.

Jellylike Material

A substance with a gelatinous texture, often used in various medical and biological contexts to describe the consistency of certain cellular components or materials.

Spherical Shape

A three-dimensional round shape, where every point on the surface is equidistant from the center.