Advocates of free trade argue that LDCs benefit from adopting a free-trade philosophy for all of the following reasons except that
A) foreign investment directly aids economic development in LDCs.
B) free trade increases the volume of manufactured goods available in LDCs for export.
C) free trade raises the standard of living in LDCs.
D) free trade promotes world cooperation and decreases the amount of conflict in LDCs.
Correct Answer:
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Q45: The central purpose of NAFTA is
A) political
Q46: Economic internationalists argue that free trade
A) would
Q47: According to free-trade advocates protectionism results in
A)
Q48: Economic internationalism argues that increasing free trade
Q49: APEC members account for approximately what percentage
Q51: Which country was excluded from the 1994
Q52: Which of the following countries do free-trade
Q53: A trade agreement among three or more
Q54: The theory of competitive advantage argues that
A)
Q55: Which country is most dependent on intra-NAFTA
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