Proponents of the WTO argue that free international trade and investment will:
A. reduce economic growth rates in the industrial economies.
B. reduce employment in developing nations.
C. eliminate world poverty.
D. increase living standards of all trading nations.
D. increase living standards of all trading nations.
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Refer to the above figure. The firm is currently producing at Q2. The firm should
A) reduce production. B) leave production as it is. C) increase production. D) shut down.
Which of the following is an example of U.S. foreign direct investment?
a. A Greek company opens a cheese factory in the U.S. b. A German mutual fund buys stock issued by a U.S. corporation. c. A U.S. beverage company opens a bottling plant in Russia. d. A U.S. bank buys bonds issued by an Argentinean company.
For which one of the following goods would we need to sum individual demand curves vertically to obtain the total demand curve?
A. Frozen yogurt. B. Bubble gum. C. Microwave popcorn. D. Courts of law.
The problem of overfishing in waters that are commonly owned can be solved by
A. subsidizing fishing. B. the use of the Coase Theorem. C. establishing property rights for fishing in the waters. D. allowing the market to ration fish.