Fair-trade standards guarantee:
A. Higher prices to producers that agree to pay their workers higher-than-market wages.
B. That a country will restrict trade with other countries that impose unfair trade practices.
C. That a country will not impose tariffs or quotas on imports.
D. That a government will not intervene in the foreign currency market.
A. Higher prices to producers that agree to pay their workers higher-than-market wages.
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When you see an advertisement on TV for a hair care product in which the actor using the product is depicted as beautiful and happy, this is
A) informational advertising. B) direct market advertising. C) indirect market advertising. D) persuasive advertising.
Which of the following statements best describes one of the schools of thought regarding the “new economy” controversy?
a. Increased military spending post-9/11 has contributed to the growth in U.S. productivity. b. Extraordinary advances in communications and information technology have contributed to the growth in U.S. productivity. c. The increase in immigration has contributed to the growth in U.S. productivity. d. The aging U.S. population has contributed to the growth in U.S. productivity.
Suppose the governments of Mexico and the United States agree to a fixed exchange rate. Describe some of the options available to the Mexican government if the peso was persistently overvalued, creating a surplus of pesos on the foreign exchange market. Be sure to explain how each of these options would be expected to impact the supply and/or demand for Mexican pesos
Which of the following would be expected if the tariff on foreign-produced automobiles were increased?
A. The domestic price of automobiles would fall. B. The supply of foreign automobiles to the domestic market would decline, causing auto prices to rise. C. The number of unemployed workers in the domestic automobile industry would rise. D. The demand for foreign-produced automobiles would increase, causing the price of automobiles to increase in other nations.