The World Trade Organization (WTO) promotes foreign trade and investment, or globalization. In recent years opposition to globalization has led to violent protests at meetings of the WTO
All of the following are reasons for these anti-globalization protests except
A) protesters believe that free trade destroys the distinctive cultures of many countries.
B) protestors believe the WTO favors the interests of high-income countries at the expense of lower-income countries.
C) protesters object to the loss of intellectual property (such as software programs and movies) that results from foreign trade and investment.
D) protesters believe that tariffs are needed to protect domestic firms from foreign competition.
C
You might also like to view...
Scarcity can be eliminated through
A) the use of market mechanisms. B) exploration that helps us find new resources. C) wise use of our resources. D) None of the above because scarcity cannot be eliminated.
The most important source of foreign exchange earnings to offset the colonial deficit with England was
a. insurance charges and merchant commissions. b. the sale of ships. c. the sale of colonial shipping services. d. inflows of sterling from British forces stationed in the colonies.
To maximize profit, a competitive firm hires workers up to the point of intersection of the
a. marginal product curve and the wage line. b. value of marginal product curve and the wage line. c. value of marginal product curve and the marginal revenue curve. d. total revenue curve and the wage line.
A valid and useful theory of gold prices:
A. very likely includes as many details as possible about gold prices. B. helps to explain and predict the movements of gold prices over time. C. all of the above D. very likely relies on complex assumptions.