Specialization and trade can make everyone better off if a person can obtain goods at prices that are less than that person's opportunity cost
a. True
b. False
Indicate whether the statement is true or false
True
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Most favored nation status requires:
a. a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other WTO members. b. a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other countries. c. a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other WTO members. d. a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other countries.
“Job discrimination may actually result from rational decision making on the part of firms and not because of prejudice.” Explain this statement
What will be an ideal response?