Which of the following is necessarily a problem with antitrust laws?
a. They may target a business whose practices appear to be anti-competitive but in fact have legitimate purposes.
b. They may encourage firms to collude and reduce social welfare compared to the unregulated market.
c. They reduce the effectiveness of the market to self-regulate.
d. They are enforced by agencies whose self-interest contradicts the interests of society as a whole.
a
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The Heckscher-Ohlin, factor-proportions model lends support to the argument that
A) trade tends to worsen the conditions of unskilled labor in rich countries. B) trade tends to worsen the conditions of owners of capital in rich countries. C) trade tends to worsen the conditions of workers in poor countries. D) trade tends to worsen the conditions of workers in rich countries. E) trade tends to worsen the conditions of highly skilled workers in rich countries.
nder the Bretton Woods system, ______.
a. governments maintained stable exchange rates by buying or selling currencies or reserves b. exchange rates were very flexible and experienced little government intervention c. governments allowed exchange rates to fluctuate freely d. market forces totally determined exchange rates