Countries that are more open to international trade tend to have
A) property rights that are not well defined.
B) higher levels of economic growth.
C) lower levels of physical capital.
D) lower levels of economic growth.
B
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30% of the electric bulbs produced in a factory in Xenonia during a year were found to be defective and could not be sold. Which of the following is likely to happen in this case?
A) Xenonia's GDP will increase. B) Xenonia's trade surplus will increase. C) Xenonia's GDP will remain unchanged. D) Xenonia's GDP will decrease. Jane stitched a prom dress which she could have bought for $180 from a store.
WTO rulings with respect to environmental issues have:
a. generally had very adverse effects on the environment. b. generally increased regard for environmental protection. c. caused substantial decreases in international trade. d. caused countries to adopt more stringent laws more affecting imports than domestic producers.