Which of the following is not an advantage of a multilateral approach to free trade over a unilateral approach?
a. A multilateral approach can reduce trade restrictions abroad as well as at home.
b. A multilateral approach has the potential to result in freer trade.
c. A multilateral approach requires the agreement of two or more nations.
d. A multilateral approach may have political advantages.
c
You might also like to view...
If pizza and tacos are substitutes, a decrease in the price of tacos would lead to a
A) decrease in the demand curve for pizza. B) decrease in the quantity demanded of pizza. C) decrease in the price of pizza. D) All of the above.
What would happen if employment is continually above or below its full-employment level?
a. the aggregate demand curve would shift to move the economy back to full employment. b. the economy's self-correcting mechanism would move the economy back to full employment. c. the aggregate supply curve would become horizontal. d. the aggregate supply curve would become steeper. e. the economy's self-correcting mechanism would break down.