One Way to Gauge the Impact of Trade on a Nation

question 2

Multiple Choice

One way to gauge the impact of trade on a nation is to measure:

• A) wage distortions and job loss.
• B) the ratio of total imports and exports expressed as a percent of a nation's GDP.
• C) shipping costs.
• D) rises in national income due to trade.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.