Which of the following is NOT an argument against free trade?
A) infant-industry argument
B) protecting domestic job argument
C) countering foreign subsidies argument
D) comparative advantage argument
Answer: D
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Consider the following two cases. In the first, a U.S. firm purchases 18% of a foreign firm. In the second, a U.S. firm builds a new production facility in a foreign country
Both are ________, with the first referred to as ________ and the second as ________. A) foreign direct investment (FDI) outflows; greenfield; brownfield B) foreign direct investment (FDI) inflows; greenfield; brownfield C) foreign direct investment (FDI) outflows; brownfield; greenfield D) foreign direct investment (FDI) inflows; brownfield; greenfield E) foreign direct investment (FDI); inflows; outflows
Agreements such as the ________ are attempts to standardize international banking regulations
A) Basel Accord B) UN Bank Accord C) GATT Accord D) WTO Accord
The payroll tax represents
A. the largest source of revenue in the federal budget. B. the second largest source of revenue in the federal budget. C. the third largest source of revenue in the federal budget. D. the largest source of revenue in state government budgets.
If a firm is the sole employer of a factor of production, it is known as
A) a monopsony. B) a monopoly. C) an economically discriminating firm. D) a competitor.