What complex set of free-trade area regulations prohibits non member country imports to a high-tariff member country via a low-tariff member country?

a. environmental certification
b. rules of origin
c. health and safety standards
d. a codified trade agreement

Ans: b. rules of origin

Economics

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Refer to Figure 11.4. Which diagram illustrates the effect of a decrease in the income tax rate?

A) A B) B C) C D) D

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A firm in monopolistic competition has ________ demand curve

A) a downward-sloping B) an upward-sloping C) a vertical D) a horizontal E) a U-shaped

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