List the various arguments against free trade
What will be an ideal response?
The various arguments against free trade are:
a) National security concerns
b) Fear of effects of globalization on a nation's culture.
c) Environmental and resource concerns
d) Infant industry concerns
e) Potential negative effect on local wages and jobs
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A reentrant is an individual
A) in the labor force whose employment was involuntarily terminated. B) who used to work full time but left the labor force and has now reentered it looking for a job. C) in the labor force who quits voluntarily. D) who has never held a full-time job lasting two weeks or longer but is now seeking employment.
The market-demand curve for a product in a perfectly competitive market:
a. is horizontal. b. is downward sloping. c. is vertical. d. has elasticity equal to 1. e. is positively sloped.
Which of the following countries experienced substantial inflows of foreign investment capital, with bank lending increasing by 20 percent to 30 percent per year through the mid-1990s?
a. Argentina b. Brazil c. Russia d. Malaysia
The efficiency-wage theory of worker turnover suggests that firms with higher turnover will have
a. higher production costs and higher profits. b. higher production costs and lower profits. c. lower production costs and higher profits. d. lower production costs and lower profits.