Free trade
A) helps economic growth by increasing tariffs.
B) hurts economic growth because foreigners are not bound by the same patent laws as we are.
C) helps economic growth by encouraging the sharing of technology and industrial ideas.
D) hurts economic growth because foreign countries can produce goods with lower labor costs.
C
You might also like to view...
What is the domino effect or contagion?
What will be an ideal response?
Traders in futures markets settle gains and losses each day
A) by making margin payments. B) by using settlement-by-offset. C) in a process called mark-to-market settlement. D) by making arbitrage payments.
The competitive firm's profit-maximizing quantity of labor is the quantity where the:
A. quantity of the marginal product of labor is equal to the market wage. B. value of the marginal product of labor is equal to the market wage. C. quantity of the marginal product of labor is equal to zero. D. value of the marginal product of labor is equal to the profit.
If ABC Printing produces 100 calendars, and the MR of the 100th is $5 and the MC is $3, then the firm is
a. maximizing profit b. producing too many calendars c. making a $200 profit d. making a $200 loss e. producing too few calendars