Why do free trade proponents dislike rules of origin in trade agreements?
A) It decreases the amount of international trade in the world.
B) It increases the amount of international trade in the world.
C) It decreases incentives for trade diversion.
D) It increases incentives for trade deflection.
A
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Refer to the figure above. What is the equilibrium wage rate and equilibrium level of employment?
A) $35 and 10 units of labor B) $20 and 15 units of labor C) $15 and 35 units of labor D) $25 and 20 units of labor
A bank has deposits of $400, reserves of $50, and the desired reserve ratio is 7 percent. The bank's excess reserves are
A) $28. B) $50. C) $22. D) $0. E) $3.50
The Charles River Bridge v. Warren Bridge (1837) decision established that a state could incorporate competing franchises, effectively overturning the old idea that a corporate charter implied a grant of monopoly
Indicate whether the statement is true or false
The interest rate effect predicts that higher prices:
a. make it more expensive to borrow, leading to higher interest rates and less investment. b. make people worse off by reducing the value of their wealth, leading them to save more and spend less. c. decrease borrowing, leading to higher interest rates and less investment. d. decrease borrowing, leading to lower interest rates and more investment. e. increase borrowing, leading to higher interest rates and less investment.