Which of the following is a valid reason for protecting an industry?
A) The industry is unable to compete with low-wage foreign competitors.
B) Protection penalizes lax environmental standards.
C) Protection keeps richer nations from exploiting the workers of poorer countries.
D) None of the above reasons is a valid reason for protection.
D
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In 2012, the number of people living in the world on less than $1.90 a day was:
A. roughly 13% of the world's population. B. just over a quarter of the world's population. C. just over a fifth of the world's population. D. just under 10 percent of the world's population.
According to the text, the procedure of "anchoring and adjustment:"
A. describes people who are dogmatic in their views but change when new data comes. B. often leads to biased estimates. C. usually leads to correct estimates without rational calculations. D. explains why people tend to succeed at new business ventures.