Economists believe free trade areas such as NAFTA and the European Union are problematic because they
A. encourage countries to rely on others rather than being self-sufficient.
B. lead to globalization.
C. tend to lead to free trade rather than fair trade.
D. can lead to regional trading blocs that restrict trade with outsiders.
Answer: D
You might also like to view...
The introduction of word processing software that increases the demand for workers with computer skills relative to those without such skills is an example of:
A. skill-biased technological change. B. increasing reservation prices. C. the diminishing marginal product of labor. D. globalization.
Which of the following is the most likely result of an increase in the minimum wage?
a. an increase in the employment of unskilled workers b. a decrease in the number of workers seeking minimum wage jobs c. an increase in the demand for unskilled workers d. a decrease in the employment of unskilled workers
Cashing out capital gains in Virtual Currency System #3 (i.e., turning virtual capital gains into real world currencies) causes the nation's:
a. M2 money multiplier to remain the same. b. M2 money supply to rise. c. M2 money multiplier to rise. d. M2 money supply to fall.
Timmy can edit 2 pages in one minute and he can type 80 words in one minute. Olivia can edit 1 page in one minute and she can type 100 words in one minute. Timmy has an absolute advantage and a comparative advantage in editing, while Olivia has an absolute advantage and a comparative advantage in typing
a. True b. False Indicate whether the statement is true or false