The most successful free trade agreements achieve all of the following goals, except:
a. benefiting exporters by increasing exports to member countries.
b. increasing the volume of trade without changing the pattern of trade.
c. benefiting consumers by making a wider variety of goods available at a lower price.
d. stimulating trade creation to allow the benefits of trade to be realized.
e. protecting domestic industries from foreign competition.
e
You might also like to view...
Which of the following increases the size of the expenditure multiplier?
A) an increase in investment B) an increase in autonomous spending C) a decrease in the marginal propensity to consume D) a decrease in the marginal propensity to import E) an increase in the marginal income tax rate
Which of the following will NOT increase the productivity of labor?
A. technological improvements B. an increase in the capital stock C. improvements in education D. an increase in the size of the labor force