Which of the following is an argument put forward by Rodrik regarding the significance of national borders?
a. National borders do not impose significant transaction costs on trade.
b. Protectionism across borders imposes no significant transactions costs to trade.
c. Differences in currencies, legal systems, and social networks do not present a barrier to trade across borders.
d. Large gains in trade liberalization require reaching behind borders to harmonize national standards and regulations.
d
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Economist John Kenneth Galbraith argues that, as a result of the technological revolution, the goals of society as a whole are being shaped by
A) an academic elite. B) a few hundred large corporations. C) corrupt politicians. D) the federal bureaucracy. E) the Supreme Court.
To amend the Articles of Confederation required a(n)
A) opinion from the supreme court approving the amendment. B) majority vote among citizens of the colonies. C) majority vote of the Confederation Congress. D) agreement between the president and the legislature. E) unanimous vote of the Confederation Congress.