Which of the following provides the foundation of the case for free trade?
a. the law of diminishing marginal utility
b. the anti-dumping argument
c. the industrial diversity argument
d. the law of comparative advantage
D
You might also like to view...
Which of the following is a positive statement?
A. Because many adults cannot afford to go to college, tax credits for tuition should be introduced. B. When a country imports more than it exports, its balance of trade is negative. C. The price of drugs in the United States is too high. D. It only makes sense to offer financial aid for students who cannot pay some of their tuition. E.The President of the United States ought to be elected by a direct vote of the American people rather than the Electoral College
Which of the following is FALSE?
a. Maximizing division profits can sometimes lead to reducing company-wide profits b. Managers of profit centers are given a lot of discretion in their decision making c. Profit centers usually largely run themselves d. A manager being rewarded on division revenues has no incentive to make good decisions for his division