Has the worry that international trade will cause horrible environmental conditions as companies rush to build factories in countries with low environmental regulation come true?
a. No, multinational companies have built factories to the standards in developed countries.
b. No, multinational companies have not built factories in countries with low environmental regulations.
c. Yes, multinational companies build factories that pollute much more than their factories in developed countries.
d. Yes, multinational companies move their companies to countries with the lowest environmental regulations.
a. No, multinational companies have built factories to the standards in developed countries.
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The public choice model
A) applies economic analysis to government decision making. B) applies economic analysis to the collective decision making of consumers. C) examines the public's role in appointing politicians and ensuring that elected officials act in ways to reflect the public's preferences. D) examines the degree of market power that the public exerts in a market economy.
Decision making that seeks only solutions that are acceptable is called
A. optimizing. B. satisficing. C. benchmarking. D. maximizing.
In the long run, a monopoly's
a. economic profits are zero b. economic profits are negative c. economic profits are positive d. demand is perfectly inelastic
When the transmission mechanism breaks down, macroeconomists call this the
A. debt ceiling. B. crowding in. C. crowding out. D. liquidity trap.