Which of the following correctly identifies an argument against free trade?
A) Free trade reduces world production.
B) Free trade hampers technology transfers.
C) Free trade increases the wages in importing countries.
D) Free trade may result in job loss in some specific industries in the domestic economy.
D
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Of the following OECD countries, which has the lowest infant mortality rate?
A) the United Kingdom B) Japan C) Canada D) the United States
Which of the following statements is not true?
a. Because the quantity of Bitcoins is capped at about 21 million in 2040 it is practically impossible for the currency to ever be a significant threat to large nations, like the United States and Japan, whose money supplies are measured in the trillions of dollars and yen. b. Bitcoins can be bought, traded, and earned by solving a time-consuming computer algorithm. c. Bitcoins are becoming more widely accepted by real-world merchants. d. None of the statements above is false. They are all true.
Normative conclusions
a. come from positive analysis alone. b. are based on ignorance of positive analysis. c. involve value judgments. d. reflect the economist's role as scientist.
In the realm of public policy, loss aversion makes it:
A. easy to identify which policies involve the largest efficiency gains. B. difficult to identify those who stand to lose from policy changes. C. easy to enact policy changes. D. difficult to enact policy changes.