According to economic historians, one result of international trade is that it
A) aids in the international transmission of ideas.
B) reduces the world-wide output of goods.
C) reduces the world-wide consumption of goods.
D) causes persistent world-wide inflation.
A
You might also like to view...
In an election in which there is no policy which can defeat all other policies, the sequence of the votes determine?s the outcome, even under majority rule.
Answer the following statement true (T) or false (F)
The sharp reduction in marginal tax rates during the 1980s
a. reduced the incentive of high-income Americans to work. b. increased the incentive of high-income Americans to utilize tax shelters. c. increased the unemployment rate of high-income Americans. d. increased the visible income of high-income Americans.
Which of the following is true?
What will be an ideal response?
Cite an advantage and a disadvantage for command-and-control vs. incentive-based approaches. Then do the same for environmental taxes vs. emissions trading.
What will be an ideal response?