The problem of inconsistent standards across nations can be managed by:
A. policymakers making explicit laws about imports for specific countries.
B. consumers making voluntary purchasing decisions.
C. policymakers making blanket standards imposed on all imports.
D. All of these are true.
D. All of these are true.
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Indifference curves do not cross because if you prefer steak over salmon and salmon over chicken then you also prefer
A. chicken over steak. B. steak over chicken. C. steak over salmon. D. chicken over salmon.
For economic imperialists, economics is more of a method of analysis than a specific field of study
Indicate whether the statement is true or false
Linder argues that trade is based on international similarities in preferences rather than international differences in costs of production
Indicate whether the statement is true or false
Which of the following can be categorized as a commodity money standard?
a. The pegged exchange rate standard b. The free float standard c. The managed float standard d. The reserve currency standard e. The gold standard