Which of the statements about the gains from international trade is CORRECT?
A) Everyone gains from international trade.
B) Some people gain from international trade and some lose, though overall the gains exceed the losses.
C) Some people gain from international trade and some lose; overall the gains exceed the losses.
D) Everyone loses from international trade.
B
You might also like to view...
We Deliver for You is a local company that has several couriers who pick up small packages from local offices and hand deliver them to other local office buildings in same day. The managers of We Deliver for You want the couriers to make as many prompt and speedy deliveries a day as possible, and to incentivize the couriers, the managers do not pay the couriers a salary, rather a flat fee per
delivery. This payment policy will incentivize the couriers to do all of the following except which one? A) minimize their daily number of deliveries B) arrive to pick up packages promptly C) drive fast and take driving risks D) make prompt deliveries
The number of workers hired by a firm at a specific wage rate can be determined if you know the
a. price of the good b. supply curve of labor c. MPP of labor d. MLC (marginal labor cost) e. MRP of labor
Which of the following will shift the Keynesian short-run aggregate supply curve downward and to the right?
A. a rise in the price level B. an increase in input costs C. a decrease in input costs D. a fall in the price level
If one nation retaliates against another's tariffs with tariffs of their own, the GATT stipulates that the retaliatory tariff must
A. be submitted to the WTO for prior approval. B. be on a good whose sales are roughly similar. C. be on the same good. D. end within a year.