Free trade may lead to more pollution because
A. with free trade, the size of the economy increases resulting in higher production and consumption.
B. competition among nations invariably leads to less restrictive pollution standards.
C. imported products are produced using cleaner production techniques than domestic products.
D. the countries may not specialize in the production of goods in which they have comparative advantage.
Answer: A
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Engaging in international trade has all of the following effects except:
A. altering prices in different countries. B. it makes use of resources less efficient. C. influencing labor markets in different countries. D. increasing number of goods and services we can consumer in different countries.
By all accounts, the annual economic gains to immigration in the United States are
A. substantial at $480 million, or 3.2% of GDP. B. extremely large at $1.5 trillion, or 10% of GDP. C. negative as immigrant workers take jobs away from American workers. D. relatively small at about $46 billion, or 0.24% of GDP. E. non-existent at essentially $0.
Suppose 10 percent of the families receive 10 percent of the income, 20 percent of the families receive 20 percent of the income, and so forth. The Lorenz curve would be
A) a straight line at a 45-degree angle from the origin. B) a straight line at a 30-degree angle from the origin. C) the most bowed curve possible. D) the horizontal axis.
Referring to Table 4.1, Box A should be filled withÂ
A. $200. B. $0. C. $10. D. $100.