States that violate international law ultimately pay a price, often in loss of prestige and difficulty with future collaboration. What example does the text give to illustrate this?
a. the Kosovo declaration of independence in 2008
b. the U.S. invasion of Iraq in 2003
c. the formation of the nuclear nonproliferation regime in the 1960s
d. the prevention of Muammar Gaddafi's attacks on Libyan civilians in 2011
b. the U.S. invasion of Iraq in 2003
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Which is a major criticism of a monopoly as a source of allocative inefficiency?
A. A monopolist fails to expand output to the level where the consumers' valuation of an additional unit is just equal to its opportunity cost B. A monopolist has no incentive to produce efficiently, because even the inefficient monopolist can be assured of economic profits C. A monopolist will always earns profits and that means that prices are too high D. A monopolist has an unfair advantage because it can purchase labor at a lower price than competitive firms can
Labor productivity rises when
A. average worker output rises. B. nominal wages fall. C. business investment falls. D. average worker output falls.