The goal of multilateral trade agreements is usually to
a. reduce tariffs in various nations simultaneously to blunt political pressure for protectionism.
b. ensure that tariffs are used only to promote infant industries that will eventually become viable.
c. use targeted tariffs to ensure that nations produce those goods in which they have a comparative advantage.
d. equalize the level of tariffs across nations so no nation is disadvantaged relative to others.
Answer: a. reduce tariffs in various nations simultaneously to blunt political pressure for protectionism.
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A major challenge faced by Western Union in wiring money between the United States and Mexico is that ________.
A) it can only transfer funds in one direction B) it is facing competition from some commercial banks C) Mexican citizens do not like to use its services because it does not have strong ties with Mexican banks D) Mexican citizens trust the banks but do not trust Western Union due to its heritage a
Figure 14-2
If the Fed anticipates that the conditions illustrated by AD1 and SRAS in will be present in the near future, it should
a.
shift to a more restrictive policy.
b.
shift to a more expansionary policy.
c.
request that Congress raise tax rates.
d.
refuse to buy any more U.S. securities.
Some corporate governance experts believe that serving on a company's board of directors for an extended length of time ________that member's independence from the company's CEO. If this is true, it would tend to ________ the principal-agent problem
A) enhances; increase B) has no impact on; increase C) diminishes; increase D) diminishes; decrease
Neutral taxation is taxing different commodities at the same tax rate.
A. True B. False C. Uncertain