The World Trade Organization (WTO) promotes foreign trade and investment, or globalization. In recent years opposition to globalization has led to violent protests at meetings of the WTO.
All of the following are reasons for these anti-globalization protests except
A) protesters believe that free trade destroys the distinctive cultures of many countries.
B) protestors believe the WTO favors the interests of high-income countries at the expense of lower-income countries.
C) protesters object to the loss of intellectual property (such as software programs and movies) that results from foreign trade and investment.
D) protesters believe that tariffs are needed to protect domestic firms from foreign competition.
Question 2
In 2002, the Enron corporation was accused of falsifying information regarding liabilities on Enron's balance sheets, thereby
A) reducing Enron's profit on the balance sheet.
B) increasing Enron's net worth on the balance sheet.
C) reducing Enron's net income on the income statement.
D) increasing Enron's assets on the balance sheet.
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