Free trade is beneficial because it:
A) reduces competition.
B) leads to less use of the world's resources.
C) results in a wider array of consumer products.
D) leads to the production of free goods.
Ans: C) results in a wider array of consumer products.
You might also like to view...
Changes in the demand for an industry's output are felt most by those factors that
a. are inelastically supplied. b. are paid the highest factor prices. c. earn relatively little economic rent. d. have a sizable number of alternative uses.
To buy season tickets at the new Levi's Stadium, 49ers fans have to buy a Personal Seat License (PSL) that then allows them to buy season tickets for the next 30 years. This is an example of
A) why the NFL shouldn't have anti-trust exemptions. B) two-part pricing, where the PSL is the lump-sum payment. C) pure bundling pricing. D) positively correlated pricing.
What are the private costs of driving an automobile? What are the external costs?
What will be an ideal response?
Insurance companies create wealth by
a. reducing the amount of risk that the risk averse must bear b. reducing the amount of risk that risk lovers must bear c. increasing the amount of risk that the risk averse must bear d. increasing the amount of risk that risk lovers must bear