A ____________ election is the first step in the election process.

According to the doctrine of comparative advantage, the only instance of trade between countries A and B not benefiting both is

a. when A produces only one type of good. b. when A's domestic market is much larger than B's. c. when both A and B produce exactly the same goods. d. when B can produce everything more efficiently than A. e. when A has access to cheaper raw materials than B.

Why does Frankel argue that international trade may have the effect of reducing income inequality within countries?

a. Workers tend to benefit more from trade than the owners of capital do. b. Trade tends to increase a country's overall income, making everyone better off. c. Trade makes countries richer, and richer countries can afford to adopt income redistribution policies. d. Trade allows countries to import cheap consumer goods, allowing the poor to enjoy a better standard of living. e. Countries that trade more tend to be more democratic, so the people are able to exert pressure on governments to redistribute income.