Which was NOT an argument of the protesters against the IMF, WTO, and the World Bank?
A. We are exploiting factory workers in poor countries.
B. Our subsidized grain exports sold below cost in poor countries, driving local farmers out of business.
C. Globalization is hurting the American standard of living.
D. Globalization is lowering American wages and exporting high paying jobs.
C. Globalization is hurting the American standard of living.
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Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. For these data, the CPI for 2011 is
A) 110. B) 3. C) 145. D) 160. E) 100.
Refer to Scenario 5.8. Given that the two outcomes are equally likely, Icarus Airlines' expected profit under complete information would be
A) $40 million. B) $90 million. C) $115 million. D) $120 million. E) $125 million.