International trade
A) harms consumers but helps exporting firms.
B) helps consumers but harms exporting firms and their workers.
C) helps consumers but hurts firms that are less efficient than their foreign competitors.
D) helps consumers and firms that compete with their foreign competitors.
Answer: C
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Which of the following statements is TRUE about the success of the World Bank?
A) The World Bank has been successful because it has focused on its primary function of making loans to governments. B) The World Bank has not been successful because it has focused on making loans to governments where there has been a loss of confidence in a nation's financial system. C) The World Bank has not been successful because many loans have been made to countries that can attract private funds. D) The World Bank has been very successful in promoting economic growth because loans have been primarily made to countries that have trouble attracting private funds.
"The tax on insulin in the Philippines is anywhere between 10 and 20 percent. If you are rich and living in the Philippines, this is not a problem, but if you are poor, then insulin becomes something that you cannot afford"
If the government places the tax on sellers, what is the effect on the supply and demand curves? A) The demand curve stays the same and the supply curve shifts leftward. B) The demand curve shifts rightward and the supply curve stays the same. C) Both the demand and supply curves shift leftward. D) The demand curve shifts leftward and the supply curve stays the same.
Firms in an oligopoly are said to be interdependent. What does this mean?
What will be an ideal response?
If you accept the big brother cause of poverty, it might be helpful if the government did less instead of more
Indicate whether the statement is true or false