Which of the following statements best explains the reason that many economists adhere to the concept of free trade between nations?
A) Unrestricted international trade increases the prosperity of poor nations.
B) Lower-cost imports reduce the expenses of firms by reducing wages.
C) Domestic product prices tend to remain lower than imported products.
D) Inexpensive exports increase consumer prosperity by reducing expenses.
A
You might also like to view...
________ marketing generates excitement, creates publicity, and conveys new relevant brand-related information through unexpected or even outrageous means
A) Live-in B) Buzz C) Viral D) Guerrilla E) Experimental
Recommendations by analysts who monitor corporate performance
A) have a material impact on the business and all of its stakeholders. B) are generally disregarded by the majority of investors. C) are illegal under the Sarbanes-Oxley Act. D) are the only drivers of public opinion about a firm. E) typically have little impact on a company's viability.