The concepts of comparative advantage, specialization, and trade form a compelling argument in favor of:
A. self-sufficiency.
B. protectionism.
C. only exporting goods and not importing goods.
D. free trade.
Answer: D
Economics
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The facts show that the political business cycle theory
A) does a good job of explaining monetary policy during presidential election years. B) is unable to explain monetary policy during presidential election years. C) doesn't generally support the political business cycle theory. D) explains monetary policy best during years in which the President is running for reelection.
Economics
A firm that does business all over the world is called a(n)
a. multinational corporation. b. international conglomerate. c. competitive corporation. d. government-owned business.
Economics