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.
Ans: b. generally increased regard for environmental protection.
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The classical economists assumed that
A) wages and prices were inflexible, especially downward. B) government intervention in the economic system was necessary and helpful. C) monopoly was widespread in the economy. D) wages and prices were flexible.
"The rich should pay higher income tax rates than the poor" is an example of a
A) normative statement. B) positive statement. C) descriptive statement. D) theoretical statement.