Which of the following has not been a facilitating factor in world trade?
A. Dramatic improvements in communications technology.
B. General declines in tariffs.
C. Import quotas.
D. Improvements in transportation technology.
C. Import quotas.
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When it comes to pollution problems, the polluter and the victim can bargain to arrive at an outcome that benefits both parties
Indicate whether the statement is true or false
Refer to Scenario 1 . Assume this economy could either be at Point B or Point C. From which of these points is it more costly to produce more crabs? Explain your answer
What will be an ideal response?
According to the classical model, there is no need for government intervention in the economy. if the economy is left alone, full employment output will eventually occur
a. True b. False
Does globalization promote economic growth, and how does globalization affect the welfare of a given country's citizens?
What will be an ideal response?