Which of the following assertions is not correct about the multilateral approach to free trade?
a. The multilateral approach has the potential to result in freer trade than does the unilateral approach.
b. The multilateral approach may have a political advantage over the unilateral approach.
c. The multilateral approach is simpler than the unilateral approach.
d. NAFTA and GATT both represent multilateral approaches to free trade.
c
You might also like to view...
A negative externality is internalized when __________ until the socially optimum level of production is obtained.
A. supply shifts to the left B. supply shifts to the right C. demand shifts to the right D. b and c E. none of the above
In the short run, the marginal cost curve crosses the average total cost curve at
a. a point just below the average fixed cost curve. b. the minimum point on the average total cost curve. c. the maximum point of the average variable cost curve. d. all of the above points.
If a goldsmith starts out the day with 100 gold coins in his safe and 100 receipts in circulation and he wrote out 100 receipts that day as loans, how much would his reserve ratio be at the end of the day?
Fill in the blank(s) with the appropriate word(s).
A fall in the value of the dollar relative to other currencies will:
A. decrease foreign demand for U.S. goods, shifting the U.S. aggregate demand curve to the right. B. increase foreign demand for U.S. goods, shifting the U.S. aggregate demand curve to the left. C. increase foreign demand for U.S. goods, shifting the U.S. aggregate demand curve to the right. D. decrease foreign demand for U.S. goods, shifting the U.S. aggregate demand curve to the left.