A) the European government made an explicit subsidy offer, but the U.S. government did not.
B) Airbus' prices were better when adjusted for quality and warranty services.
C) Boeing traditionally refused to undertake any exchange rate risk in its transactions.
D) the U.S. acted in accordance with its ideological reliance on market solutions, whereas the Europeans ignored market and technological factors.
E) the Airbus plane benefited from more advanced technology.
G) A) and E)
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A) they believe this would involve a loss of their national sovereignty.
B) they believe this would limit their ability to export to rich markets.
C) they believe this would create an uneven playing field.
D) multinational corporations control them.
E) they do not want to improve wages for their workers.
G) D) and E)
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A) because of trade secrets, the government does not know true cost relationships in any given industry.
B) if the government had all the relevant information in a given industry then it could decide whether a subsidy would enhance the public's welfare.
C) even if the government had all the relevant information in a given industry, it still could not decide whether a subsidy would enhance the public's welfare.
D) due to recent cuts in the Department of the Census' sampling budgets, industry surveys are no longer reliable, so that there is no way to determine if a subsidy is in the public's interest.
E) the government would need to employ its intelligence agencies in order to gain a complete understanding of the market.
G) A) and B)
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A) strengthens the argument for subsidies.
B) makes sense if the international Keynesian multipliers exceed unity.
C) applies only to rich countries most of whose trade partners are very poor countries.
D) weakens the argument for subsidies.
E) does not apply to rich countries who can influence relative world prices.
G) A) and C)
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The answer is subjective. Pres...View Answer
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A) justified this view.
B) led to similar structuring of industrial policy in the U.S.
C) lent support to the Brander-Spencer model.
D) helped shift the focus of economists away from Japanese-style industrial policy.
E) propelled Japan into the leading country in high-tech manufacturing.
G) C) and D)
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A) to further neo-imperialist colonial exploitation.
B) to charge these countries with crimes against child-labor standards at the Hague.
C) as a protectionist tool by import-competing producers in industrial countries.
D) as a means of spreading U.S. Corporate Values and destroying local cultures.
E) to hinder investment in foreign-based multinational corporations.
G) A) and B)
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A) the problem of insufficient information
B) the problem of likely foreign retaliation
C) the problem of harm to interests of consumers
D) the problem of adverse effects of trade policy politics
E) the problem of simultaneously causing harm to other industries
G) All of the above
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A) to cause a degradation in the world's environment.
B) to improve the environment by correcting for distortions caused by import competing policies.
C) to help spread the best of each country's culture, so as to uplift global cultural standards.
D) to help each country safeguard the best of its own culture.
E) to make no difference in the economic welfare of the world.
G) B) and C)
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A) trade tends to worsen the conditions of unskilled labor in rich countries.
B) trade tends to worsen the conditions of owners of capital in rich countries.
C) trade tends to worsen the conditions of workers in poor countries.
D) trade tends to worsen the conditions of workers in rich countries.
E) trade tends to worsen the conditions of highly skilled workers in rich countries.
G) All of the above
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Both companies would enter the...View Answer
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A) shrug their shoulders and ignore the issue.
B) agree that trade theory is thus proven hollow and internally inconsistent.
C) argue that U.S. consumers should not consume lettuce.
D) argue that the poor conditions and low wages are actually improvements for the Mexican workers, and may be cited as gains-from-trade.
E) argue that Mexico's generally high overall productivity offsets these conditions.
G) None of the above
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A) supports the conclusions of the Heckscher-Ohlin model.
B) rejects the usefulness of government protectionism.
C) supports the concept that the government should support only high-tech industries.
D) provides support for government protectionism.
E) supports arguments for free trade.
G) B) and E)
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Airbus wil...View Answer
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A) unfair competition.
B) wildcat destructive competition.
C) environmental negative externalities associated with pollution.
D) limited competition.
E) lack of excess returns.
G) A) and E)
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A) India's non-repentant nuclear stance.
B) India's import-competing industrialization policies.
C) the difficulty of avoiding ship accidents between Greenpeace's sailboat and the reconstructed container ships of Alang.
D) the large amount of pollution associated with the operations at Alang.
E) their competition with capital-intensive industries.
G) None of the above
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A) social costs that exceed private costs.
B) social benefits that exceed private benefits.
C) social costs that exceed social benefits.
D) private benefits that exceed social benefits.
E) social benefits that undermine private benefits.
G) B) and C)
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Only Airbus will produce since...View Answer
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A) land owners in poor countries.
B) capital owners in rich industrialized countries.
C) land owners in rich industrialized countries.
D) production workers in both rich and poor countries.
E) terms of trade in developing countries.
G) All of the above
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A pollution haven is a country with rela...View Answer
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