What is the "law of comparative advantage"?
a) Each nation should import only what it cannot produce within the country. b) A country should only restrict trade on its most important and profitable products. c) Countries will be worse off if they restrict trade than if they concentrate on producing what they produce best and then trade. d) Governments should enact tariffs on all foreign imports to protect the domestic economy.
C
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The year of the collapse of communism in Europe was ____________________
Fill in the blank(s) with correct word
The diversification of state economies ________
A.highly correlates with weaker interest group systems B.does not correlate with weaker interest group systems C.is unrelated to the level of influence interest groups have in a particular state D.highly correlates with stronger interest group systems
Following September 11, 2001, a new globalization strategy freed American companies from restraints imposed by countries in which they were operating
Indicate whether this statement is true or false.
The House and the Senate differ in which of the following ways?
A) The Senate has a six-year term, whereas the House has a two-year term. B) The House has limited debate, whereas the Senate has unlimited debate. C) House members are outranked by senators at social occasions. D) All of the above. E) One requires a college degree to serve, and the other does not.