Answer the following statements true (T) or false (F)
1. One of the advantages to free trade is that the benefits of trade flow are shared equally between labor and management.
2. If global markets are imperfect, a disproportionate share of profits is likely to end up with shareholders, rather than employees.
3. Social dumping occurs when a foreign competitor is able to unfairly sell goods or services at a lower price than domestic producers because they are able to be more efficient.
4. To avoid social dumping, the U.S. and Europe are forcing other countries to adopt principles of fair trade.
5. Bantani Corporation, a large manufacturer of food packaging products, decides to purchase an existing manufacturing plant in India. This is an example of foreign direct investment.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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