Which was NOT an argument of the protesters against the IMF, WTO, and the World Bank?
A. We are exploiting factory workers in poor countries.
B. Our subsidized grain exports sold below cost in poor countries, driving local farmers out of business.
C. Globalization is hurting the American standard of living.
D. Globalization is lowering American wages and exporting high paying jobs.
C. Globalization is hurting the American standard of living.
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Which of the following activities is most likely to be counted in GDP?
A. Gail buys paper and crayons to donate to poor children in need of school supplies. B. Fran volunteers at the local veteran's hospital twice a month. C. Stu gave $5 to a homeless man he met in the park. D. Bud works hard five hours each week to make sure that his lawn always looks nice.
Suppose one observes that when the price of peanut butter increases, the demand for jelly increases. One should conclude that:
A. peanut butter and jelly are substitutes. B. peanut butter and jelly are complements. C. peanut butter and jelly are normal goods. D. peanut butter and jelly are inferior goods.
When government uses the judgment by structure criterion, a firm is considered a monopoly only if, for example, it charges excessive prices.
Answer the following statement true (T) or false (F)
Which of the following countries have safety nets that offer better retirement benefits and more job security than does the U.S. safety net?
A. Canada and Mexico B. Japan and Brazil C. France and Germany D. China and India