Some nations avoid the effects of trade deflection in a trade bloc by enforcing
A. quotas.
B. trade diversion.
C. trade deflection.
D. rules of origin.
Answer: D
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________ is a tendency to search for information that reaffirms individuals' own beliefs, thus entrenching them further in their own prejudices
A) Attenuation bias B) Confirmation bias C) Attentional bias D) Negativity bias
Which of the following statements is true?
A) Differences of opinion about a bond's future may vary considerably but there is less difference about a stock's future. B) Bonds represent partial ownership in a firm but stocks do not. C) The future growth of a stock is more certain than the payments of a bond. D) A stock can possibly pay dividends forever, but bonds have a fixed number of payments.
Noncontrollable expenditures are called "noncontrollable" because
A) they increase at the same rate as the public debt. B) they change without congressional action. C) only the president can approve these entitlement payments. D) the political process determines the size of the payments.
A theory is an abstraction used often by economists to
a. describe a problem. b. keep all assumptions in their proper places. c. explain why things work the way they do. d. describe a hierarchical ordering of facts. e. arrange variables into a graphical format.