When two country's laws and regulations are similar, economist's arguments for free trade are:
A. stronger than when the laws are different.
B. identical than when the laws are different.
C. weaker than when the laws are different.
D. the opposite than when the laws are different.
Answer: A
Economics
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If a firm has excess capacity, it
A) produces less than its efficient scale. B) should advertise to maximize profits. C) should decrease its markup to increase its profit. D) is a perfectly competitive firm. E) must face a horizontal demand curve.
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Refer to Scenario 1. Is the slope coefficient statistically different from zero?
A) No. B) Yes. C) Inconclusive. D) None of the above.
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