Which of the following is the situation in which firms outside a trade bloc shift the final assembling process of partially assembled products into a member nation of the bloc and then export the finished products to other nations within the bloc?
A. rules of origin
B. trade retention
C. trade diversion
D. trade deflection
Answer: D
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A decrease in the riskiness of corporate bonds will ________ the price of corporate bonds and ________ the price of Treasury bonds, everything else held constant
A) increase; increase B) reduce; reduce C) reduce; increase D) increase; reduce
A monopolist will earn economic profits as long as his price exceeds
a. marginal revenue. b. average fixed cost. c. average variable cost. d. average total cost.
A key to creating effective policy to fight poverty is to understand:
A. the correlation between education and income. B. the correlation between income and geographic location. C. why people are poor. D. the unintended consequences of reductions in the incentive to work.
If the economy is inside the production possibilities curve, then more output can be produced using existing resources.
Answer the following statement true (T) or false (F)