Political factors influence international trade because
A. foreign trade always involves at least two governments.
B. foreign governments are much less concerned with the welfare of citizens in other countries.
C. foreign governments often establish impediments to free international trade.
D. All of the above are correct.
Answer: D
You might also like to view...
Let C = 80 + 0.6y and I = 40. The value of the MPS is
A) 0.24. B) 0.4. C) 0.48. D) 0.6.
Which of the following is true of a simultaneous move game?
A) Players choose their actions after knowing the action of the first player. B) All relevant benefits and costs of each action are taken into account. C) It involves strategic interactions among a large number of players. D) This game cannot be represented by a payoff matrix.
As the ________ increases, ________
A) quantity demanded of a good; its price increases B) quantity demanded of a good; its price decreases C) price of a good; its quantity demanded increases D) price of a good; its quantity demanded decreases
The best combination of inputs at one level of production may not be best at other levels.
Answer the following statement true (T) or false (F)