The trade philosophy of the Clinton administration is best characterized as
a. protectionist.
b. mercantilist.
c. free trade.
d. strategic trade.
d
Economics
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Traffic lights would be considered:
A. a common resource. B. a private good. C. a public good. D. an artificially scarce good.
Economics
If the world price for good A is below the domestic price for good A without trade, then producer surplus will ________ and total economic surplus will ________ with trade.
A. increase; decrease B. increase; increase C. decrease; increase D. decrease; decrease
Economics