In the past there have been violent protests against the World Bank and the World Trade Organization. The protesters argued that these institutions promote free trade and also encourage corporations in rich countries to invest in poor countries. The protesters contended that these practices make rich countries richer and poor countries poorer. An economist would
a. disagree with the protesters because these practices will help make both rich and poor countries richer.
b. disagree with the protesters about free trade, but would agree with the protesters about corporate investment.
c. disagree with the protesters about corporate investment, but would agree with the protesters about free trade.
d. agree with the protesters.
a
You might also like to view...
A common mistake made by consumers is the failure to take into account the monetary costs of their actions
Indicate whether the statement is true or false
A balance of payments crisis is best described as
A) a sharp change in interest rates sparked by a change in expectations about the level of imports. B) a sharp change in foreign reserves sparked by a change in expectations about the future exchange rate. C) a sharp change in interest rates sparked by a change in expectations about the level of exports. D) a sharp change in foreign reserves sparked by a change in expectations about the level of imports. E) a sharp change in foreign reserves sparked by a change in expectations about domestic production.