One of the major effects of trade liberalization has been
A) the liberal use of tariffs and quotas.
B) an increase in the use of beggar-thy-neighbor trade policies.
C) the globalization of supply chains.
D) an increase in the world price for most goods.
C
Economics
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Indicate whether the statement is true or false
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What does it mean to say the labor supply is backwards bending? How does this relate to the direction and magnitude of the income and substitution effects? Will the labor supply be backwards bending if leisure is a normal good?
Will it be backwards bending if leisure is an inferior good?
Economics