One claim that trade barrier proponents use to enforce environmental standards is that
A) environmental standards do not reduce industrial competitiveness and do not induce race-to-the-bottom, where countries are forced to rescind their standards in order to maintain employment.
B) high standards in industrialized nations motivates some firms to "export pollution" to developing countries by relocating their dirty industries.
C) enforcing environmental standards is essential, as there are no differences between labor standards and environmental standards.
D) all environmental impacts are non-transboundary.
B
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Every time we use scarce resources in one way, we give up the opportunity to use them in other ways.
Answer the following statement true (T) or false (F)
Holding a currency to the gold standard works:
A. to the advantage of borrowers at the expense of savers. B. for no one, and hurts both savers and borrowers from access to money. C. for everyone, benefiting both savers and borrowers. D. to the advantage of savers at the expense of borrowers.
An increase in the saving rate will not affect which of the following variables in the long run?
A) output per worker B) the growth rate of output per worker C) the amount of capital in the economy D) capital per worker E) none of the above
If the total revenue curve lies completely below the total cost curve, economic profit is zero
a. True b. False