Recent trends toward trade restrictions have been to _____.
(A) Increase trade barriers.
(B) Lower only those trade barriers related to technology.
(C) Shield a country's automobile industry.
(D) Decrease trade barriers.
Ans: (D) Decrease trade barriers.
You might also like to view...
During the "computer revolution" of the 1980s and 1990s, many firms replaced old technology with new technology. What might explain why firms don't change technology as quickly today?
What will be an ideal response?
Both the social sciences and the natural sciences employ ________ to help them understand the world around them
A) models B) designs C) traditional thinking D) implications
If MUx/Px > MUy/Py, the consumer can increase utility by buying more of good x, which will cause the MUx to rise
a. True b. False
The more substitutes for a good, the more elastic its demand
Indicate whether the statement is true or false