What is the current WTO policy regarding environmental standards and trade?
What will be an ideal response?
Under current WTO rules, a country can adopt any environmental standard it chooses, as long as it does not discriminate against foreign producers by applying its environmental standards on other countries.
Economics
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The above figure shows the demand curve for movie rentals from Redbox. If Redbox lowered its price from $4.00 to $3.50, then total revenue would ________ because demand is ________
A) decrease; elastic B) increase; elastic C) decrease; inelastic D) increase; inelastic
Economics
If the government sector is running a deficit of $120 million and the private sector is running a surplus of $200 million, then net exports equal
A) $80 million surplus. B) $320 million surplus. C) $80 million deficit. D) $320 million deficit.
Economics