The recent interventions in Sudan, Yugoslavia, and Libya were all motivated by the need to _______, while Rwanda in 1994 and Syria in 2012 had the same need but lacked such intervention.
Fill in the blank(s) with the appropriate word(s).
protect human rights
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The opportunity cost of holding money
A. varies inversely with the interest rate. B. varies directly with the interest rate. C. varies inversely with the level of economic activity. D. is zero because money is not an economic resource.
Which of the following is not correct?
a. When a union is present in a labor market, wages may not be determined by the equilibrium of supply and demand. b. Like any cartel, a union is a group of sellers acting together in the hope of exerting their joint market power. c. When unions raise wages above equilibrium, the quantity of labor supplied decreases, and the quantity of labor demanded increases. d. Most workers in the U.S. economy are not members of a union.
There is a futures contract for the purchase of 1,000 bushels of corn at $3.00 per bushel. At the end of the day when the market price of corn falls to $2.50:
A. nothing happened since no funds are transferred until the settlement date. B. nothing happens since marked to market adjustments only occur if the market price rises above the contract price. C. the buyer (long position) needs to transfer $500 to the seller (short position). D. the seller (long position) needs to transfer $500 to the buyer (short position).
In the United States, the average person mostly patronizes firms that operate in
A) perfectly competitive markets. B) monopolistically competitive markets. C) oligopolies. D) monopolies.