What is the main motive for countries' protection of their film/cinema industries?
A) to keep prices low for their citizens
B) to improve their balance of payments
C) to diversify their economies
D) to preserve their national culture
D) to preserve their national culture
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Why is the Doha Round called the Doha Development Round?
What will be an ideal response?
Some low-income countries generally remain poor because
a. their institutional arrangements and policies often discourage productive activity and reduce the potential gains from specialization and exchange. b. they are oppressed by developed nations that benefit from the cheap goods available from countries with low wage rates. c. they are poorly endowed with natural resources, which are essential for long-term growth. d. when the average income level is low, workers have little incentive to earn higher incomes.
During Thanksgiving you participated in a pumpkin-pie eating contest. You really enjoyed the first two pies, the third one was okay, but as soon as you ate the fourth one you became ill and lost the contest. You got ________ utility from eating the fourth pie than from eating the second pie.
A. more B. the same amount of C. less variable D. less
Which of the following does not explain why the Glass-Steagall regulations lost their effectiveness?
A. Over time, nonbank financial firms were able to borrow directly from the public, rather than having to borrow from commercial banks. B. With the advent of new financial instruments, regulated banks lost business to unregulated institutions, and credit began to flow through unregulated systems. C. As regulations became too successful, people wanted to eliminate these regulations in order to pursue the magic of the free market. D. The Federal Reserve created regulations that ran counter to what the government was trying to do.