Author Question: The fact that articles of clothing sold in Walmart are produced by very poorly paid workers in ... (Read 98 times)

Hungry! · **on:** Jun 30, 2018

The fact that articles of clothing sold in Walmart are produced by very poorly paid workers in Honduras, is a fact that if taken into account

A) would prove to economists that the Ricardian model of comparative advantage is false.
B) would prove to economists that the equal-value in trade concept summed up in the trade triangles is incorrect.
C) proves to economists that trade is a negative sum game.
D) proves to the Anti-Globalization Movement that trade is a negative sum game.
E) proves that corporations are exempt from labor standards.

Question 2

In the model of monopolistic competition, an increase in industry output will cause individual firms' demand curves to become ________, which will ________ demand for higher-priced goods and ________ demand for lower-priced goods.

A) flatter; reduce; increase
B) steeper; reduce; increase
C) flatter; increase; reduce
D) steeper; increase; reduce
E) horizontal; reduce; reduce