Consumers will willingly make less-informed decisions:
a. if information costs are less than the perceived benefits of gathering information.
b. if information costs are greater than the perceived benefits of gathering information.
c. since ignorance always leads to bliss

Currently Belize, a country in Central America, has a small coffee industry but does not export any coffee

Suppose the government of Belize, in order to protect the new coffee industry to enable it to grow into a mature industry that can compete in world markets, places a tariff on the importation of coffee. What is the argument that has been used to support the tariff on coffee? A) the infant-industry argument B) the dumping argument C) protection of Belize coffee workers D) to prevent rich countries from exploiting developing countries

What result of the Uruguay Round was the most significant for global trade?

What will be an ideal response?