In economic terms, the purpose of the fair-trade movement is to:
A. lower prices for consumers of imported good.
B. reduce the adverse environmental effects of international trade.
C. redistribute gains from international trade in favor of low-income producers and workers.
D. prevent the overextraction of scarce raw materials from low-income economies.
C. redistribute gains from international trade in favor of low-income producers and workers.
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If the dollar-euro exchange rate on June 30, 2010, is $1.225 per euro, then the euro-dollar exchange rate would be:
a. $2.45 per dollar. b. $0.816 per dollar. c. $1.225 per dollar. d. $1 per dollar.
An increase in foreign investment in Brazil's mining industry will increase the capital stock in Brazil. Holding labor and total factor productivity constant, continued increases in the capital stock will lead to
A) larger and larger increases in real GDP. B) smaller and smaller increases in real GDP. C) larger and larger decreases in real GDP. D) small increases, followed by small decreases, in real GDP.