The Number of Consumers Who Gain from Freer Trade Is

question 48

True/False

The number of consumers who gain from freer trade is large, but the gain for each consumer is small.

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Definitions:

Rejected

Refers to being dismissed or turned down, typically in response to a proposal, offer, or application.

Minor

An individual under the legal age of adulthood, whose rights and responsibilities are restricted and partially under the guardianship of parents.

Voidable

A term used in contract law to describe an agreement that remains valid until one party chooses to cancel or void it due to certain defects or circumstances at the time of execution.

Contract

A legally binding agreement between two or more parties that creates mutual obligations enforceable by law.