The best public policy solutions to address the disruptions of foreign trade typically do not involve ____________.

a. politics
b. public opinion
c. economics
d. protectionism

d. protectionism

Economics

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The formal and informal rules governing the organization of a society on the whole, including its laws and regulations, are referred to as:

A) organizational structure. B) religious norms. C) cultural scenario. D) institutions.

Economics

Consider two countries—A and B. Both the countries are identical except for the fact that institutions are extractive in country A and institutions are inclusive in country B

Given this information, which of the following statements will be true? A) Country A will be characterized by higher output and larger number of entrepreneurs than country B. B) Country A will be characterized by lower output but larger number of entrepreneurs than country B. C) Country A will be characterized by lower output and smaller number of entrepreneurs than country B. D) Country A will be characterized by higher output but lower number of entrepreneurs than country B.

Economics