The World Trade Organization (WTO) promotes foreign trade and investment, or globalization. In recent years opposition to globalization has led to violent protests at meetings of the WTO
All of the following are reasons for these anti-globalization protests except
A) protesters believe that free trade destroys the distinctive cultures of many countries.
B) protestors believe the WTO favors the interests of high-income countries at the expense of lower-income countries.
C) protesters object to the loss of intellectual property (such as software programs and movies) that results from foreign trade and investment.
D) protesters believe that tariffs are needed to protect domestic firms from foreign competition.
C
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An aggregate demand curve
A) shifts to the right when the price level increases and to the left when the price level falls. B) shifts to the right when population decreases and shifts to the left when population increases. C) does not shift, unlike individual or market demand curves. D) shifts to the right when any non-price-level factor increases total planned real spending.
In privately held firms the manager-stockholder conflict is
A) worse than in the larger firm. B) the same as it is in the larger firm. C) less severe than in the larger firm. D) there is no manager-stockholder conflict because the manager is the owner.