Define labor standards as proposed by the ILO

What will be an ideal response?

Prohibition of forced labor, freedom of association, the right to organize and bargain collectively, an end to the exploitation of child labor, and nondiscrimination in employment

Economics

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Other things equal, an adverse supply shock would

a. Shift SRAS left b. Shift LRAS left c. Shift AD left d. Do all of the above

Economics

When a nation's institutional environment is more favorable, it will

a. attract more physical investment. b. encourage individuals to invest more heavily in human capital. c. encourage the development and efficient use of natural resources. d. all of the above.

Economics