International trade
a. raises the standard of living in all trading countries.
b. lowers the standard of living in all trading countries.
c. leaves the standard of living unchanged.
d. raises the standard of living for importing countries and lowers it for exporting countries.
a
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Which of the following characterizes the IACs?
A. high per capita GDP growth and high population growth B. low per capita GDP growth and low population growth C. low per capital GDP growth and high savings rate D. low human capital investment
One argument against using a profit-sharing scheme is the potential for free-riding. In this situation, free-riding refers to
A. one firm using the same contract specifications as another firm. B. a worker not providing effort because his contribution to profit is very small. C. profits being insensitive to worker effort because all increases in profit are returned to the workers due to the profit-sharing scheme. D. the firm not honestly reporting its profits. E. a worker not providing effort because he does not want his coworkers' wages to increase.