According to international trade theory, a country can gain
a. if it protects domestic industries from low-wage foreign producers.
b. only if the trade harms its trading partners.
c. by importing goods when they can be obtained more economically from foreign producers.
d. if it maximizes the employment in domestic industries that face competition from foreign producers who have lower costs.
C
You might also like to view...
The most important component of the Economic Recovery Act passed by the Bush Administration was ________
A) the creation of the Federal Reserve discount window B) the establishment of the Troubled Asset Relief Program (TARP) C) the decrease in taxes for the wealthiest one percent of all Americans D) the creation of the Federal Reserve
For which of the following individuals would the opportunity cost of going to college be highest?
a. a promising young mathematician who will command a high salary once she earns her college degree b. a student with average grades who has never held a job c. a famous, highly-paid actor who wants to take time away from show business to finish college and earn a degree d. a student who is the best player on his college basketball team, but who lacks the skills necessary to play professional basketball