Which of the following groups gain from international trade?

i. producers of exported goods
ii. domestic consumers of imported goods
iii. workers in exporting firms
A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii

E

Economics

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Price leadership is a form of

A. tacit collusion. B. explicit collusion. C. monopolistic competition. D. a cartel policing mechanism.

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If the marginal cost of pollution abatement differs across firms, then regulations that require all polluters to reduce pollution by a fixed proportion will be:

A. fair to all polluters. B. efficient. C. ineffective. D. inefficient

Economics