Which of the following were prominent among the protesters at the WTO meetings since 1999?
A. labor union members concerned that free trade undermined worker rights to organize.
B. environmentalists concerned that corporations would locate in countries that had very lax environmental standards.
C. human rights advocates concerned that free trade condoned sweatshop working conditions.
D. All of the answers are true.
D. All of the answers are true.
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If buyers cannot assess the quality of used cars but there are warranties for cars,
A) too few lemons are sold. B) too many good used cars are sold. C) good used cars are sold at a higher price than lemons. D) there is an adverse selection problem.
The use of surveys of experts to estimate long-run production costs may be undermined by the fact that:
A) it is a time-consuming process. B) it is dependent on the judgments of individuals closely connected with the industry. C) reporting biases can occur. D) all of the above.