All of the following are reasons countries may be unable to use discriminatory trade practices to enforce labor standards EXCEPT
A) in order to be effective a coalition of countries must join together to impose them.
B) countries can never impose trade barriers on other sovereign nations.
C) the WTO requires nations to treat other nations the same.
D) a single country may be unsuccessful in convincing members of its trading block to participate in imposing the sanctions.
E) retaliation or a full blown trade war might result.
B
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A presidential candidate once famously said about a particular policy: "I voted for it before I voted against it." How might such a statement make sense in the context of sophisticated voting along agendas.
What will be an ideal response?
In 2010 the family mean income of householders aged 15-24 years was approximately
A) $11,000. B) $21,000. C) $31,000. D) $41,000. E) $51,000.
During a recession, people drop out of the labor force because they are unable to find a job. All else the same, this
A) increases the official U-3 unemployment rate. B) decreases the official U-3 unemployment rate. C) does not change the official U-3 unemployment rate. D) increases the official U-3 unemployment rate and the labor force participation rate.
In the short run, a profit-maximizing firm will shut down if its total revenue is greater than its variable costs
Indicate whether the statement is true or false