Discriminatory trade practices are allowed among sister WTO member countries, especially when it comes to
A) the use of child labor in agricultural and textile/apparel products.
B) national security and special benefits given to other members of a free trade area.
C) the protection of agriculture and textile/apparel from open trade.
D) Both A and B are correct.
E) Both B and C are correct.
B
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Given the list of assets below, which is the most liquid?
A) $500 worth of General Motors common stock B) $500 worth of General Motors bonds C) A $500 travelers check D) A one-ounce gold coin
What is the measure of the income received by owners of resources used in making final goods and services?
a. factor payments b. product payments c. indirect earnings d. direct earnings
Which of the following terms describes the process wherein many of the different stages of producing a good happen in different geographic locations?
a. supply chain management b. splitting up the supply chain c. splitting up the value chain d. value Chain management
The MR = MC rule is no longer accepted by most economists as representing the behavior of firms
Indicate whether the statement is true or false