Critics of the World Trade Organization (WTO) say that liberalized world trade does all of the following except:
A. produce environmental degradation.
B. allow producers to circumvent labor protections such as workplace safety, child labor
restrictions, and collective bargaining rights.
C. helps developing nations escape from poverty.
D. promote the interests of multinational corporations.
C. helps developing nations escape from poverty.
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What are some of the strategies that have been proposed to mitigate global warming at a macro level?
What will be an ideal response?
The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm:Q = a + bP +cM +dPRwhere Q is the quantity demanded of the product Conlan Enterprises sells, P is the price of that product, M is income, and PR is the price of a related product. The results of the estimation are presented below: 
For the next 2 questions suppose income remains at $10,000 but the price of the related good increases to $60 and Conlan decides to raise the price of its product to $50. What is the new own price elasticity of demand?
A. -0.87 B. -1.26 C. -0.24 D. -0.43 E. -1.00
The role of unions is:
A. unnecessary if the market does a good job of determining fair wages. B. gaining power in the United States. C. to provide firms with a mechanism to more efficiently fire less productive workers. D. All of these statements are true.
The budget line
A) shifts to the left as income increases. B) has a positive slope. C) is a vertical line. D) shows the combination of goods that can be purchased at fixed prices and with a given income.