The figure above shows the market for cotton in Georgestan. The government regulates the market with a production quota set at 8 million pounds per year. The introduction of the quota has
A) not affected the level of cotton production in Georgestan.
B) increased the production of cotton in Georgestan by 8 million pounds.
C) decreased the production of cotton in Georgestan by 4 million pounds.
D) decreased the production of cotton in Georgestan by 8 million pounds.
D
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When the evolution of new technologies is unknown, or it is unclear which country has the "best" rules for standards, the adoption of ________ is the superior option
A) a harmonization of standards B) separate standards C) mutual recognition standards D) larger country standards E) All of the above.
Most innovations in the economy come from
A. many different industries in a few countries. B. a few industries in many different countries. C. many different industries in many different countries. D. a few industries in a few countries. E. a few industries in the United States.