Why is there often resistance to free trade?

A. Specific groups may be hurt by free trade.
B. Free trade usually hurts consumers.
C. Free trade does not benefit the global economy.
D. Free trade does not benefit the economy as a whole.


Answer: A

Economics

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Immigration can either benefit or harm a nation, depending on the following factors, except the:

A. Number of immigrants B. Education, skills, and work ethic of the immigrants C. Rate at which the immigrants can be absorbed by the society D. Blank

Economics

Consider the utility function . Which of the following are true statements about the indifference maps represented by this function.

A.

MRS=-1 along the 45 degree line if and only if .

B.
MRS=-1 along a ray steeper than the 45 degree line if and only if .

C.
MRS=-1 along a ray shallower than the 45 degree line if and only if .

D.
All of the above.

E.
None of the above.

Economics

In the above figure, the initial supply of loanable funds curve is SLF0 and the initial demand for loanable funds curve is DLF0. An economic expansion that raises disposable income and the expected profit would

A) only shift the supply of loanable funds curve rightward to a curve such as SLF1. B) shift the supply of loanable funds curve rightward to a curve such as SLF1, and shift the demand for loanable funds curve rightward to a curve such as DLF1. C) only shift the demand for loanable funds curve rightward to a curve such as DLF1. D) have no effect on either the demand for loanable funds curve or the supply of loanable funds curve.

Economics

A student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days. This statement suggests that

A) society should value good grades more highly than sleep because students can catch up on their sleep once final exams are over. B) there is a trade-off between studying and sleep. C) students are more concerned about good grades than good health. D) society should value sleep more highly than good grades.

Economics