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 C)
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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) B) and C)
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This curve shows the effect of increased...View Answer
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A pollution haven is a country with rela...View Answer
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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) A) and C)
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A) government involvement in business or in the economy tends to fail.
B) government subsidies tend to waste taxpayer's money.
C) government subsidies cannot create a successfully competing export.
D) government tends to distort when it displaces Adam Smith's Invisible Hand.
E) government subsidies can produce profits that exceed the subsidy's value.
G) A) and E)
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A) is inconclusive due to poor statistical design of the underlying samples.
B) is inconclusive due to the poorly funded Central Statistical Office of Mexico.
C) is inconclusive due to the ambiguous theoretical implications of the findings.
D) is conclusive.
E) does not take into account the Heckscher-Ohlin model.
G) B) and D)
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A) the national security argument.
B) the technological spillover argument.
C) the environment preservation argument.
D) the high value added argument.
E) raising the national income.
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) C) and D)
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It is argued that Japan's subsidies to i...View Answer
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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) All of the above
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A) does not provide more support for R&D as compared to other forms of investment.
B) provides support for R&D by imposing high tariffs on R&D intensive products.
C) provides support for R&D by providing direct subsidies for such activities.
D) provides support for R&D through tax legislation.
E) provides support for R&D through grant incentives.
G) C) and E)
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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) None of the above
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A) tax the high-tech firms.
B) subsidize the high-tech firms.
C) protect the high-tech firms.
D) outsource high-tech production.
E) discourage high-tech investments.
G) C) and E)
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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) None of the above
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Airbus wil...View Answer
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A) in order to promote the WTO's goals of "Trade-not Aid."
B) in order to laud the WTO policy orientation which would bust local monopolies and therefore help ordinary relatively poor consumers everywhere.
C) in order to laud the WTO policy of disallowing government sweetheart deals,which typically meant that corrupt governments subsidized their in-laws' conglomerates on the backs of poor taxpayers.
D) in order to support the WTO efforts of bringing about a universal shift of resources in poor countries to higher efficiency and productivity uses,which would raise the real incomes of everyone.
E) in order to protest WTO free trade policies that they believed hurt workers.
G) A) and D)
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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) A) and B)
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It could point out that this $10 million...View Answer
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A) Boeing made the first move in this strategic game.
B) Europeans tend to be better strategists than corn-fed Americans.
C) the Airbus actually was a better plane than the Boeing 747.
D) U) S.laws actually prohibit U.S.exporters from bribing foreign officials.
E) the subsidy removed the advantage that Boeing gained with their head start in production.
G) A) and E)
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