Which of the following is NOT a true statement regarding free trade?
A. Free trade generally reduces the domestic prices of imports.
B. Free trade may stimulate economic growth through export sales.
C. Every individual in a country gains short-term benefits from free trade.
D. Free trade promotes specialization and efficient production.
Answer: C
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Dole Co operates in a monopolistically competitive market. Which of the following characterizes Dole Co's market?
A) Dole Co. supplies a small portion of the market's output. B) Dole Co.'s product is slightly different from its competitors. C) Dole Co. faced no barrier to entry when it decided to enter its market. D) All of the above describe Dole Co.'s market.
An import quota does which of the following? a. decreases the price of the imported goods to consumers b. increases the price of the domestic goods to consumers c. increases the domestic quantity demanded
d. both (a) and (c)
If (T ? G) = (X ? IM), then (S ? I)
a. is greater than zero. b. is zero. c. is less than zero. d. cannot be calculated.
A "bad choice" as defined in choice architecture is a choice that:
A. policymakers consider not optimal for society, despite individual choosers' benefits. B. policymakers want to nudge participants away from. C. is considered not optimal by the choice architect. D. is one that the chooser will regret later.