Damian wants to start a business where he is the only owner and ...

[Jkov05]

Damian wants to start a business where he is the only owner and the company does not issue stock. The type of business Damian wants to start is a
 
  A) sole proprietorship. B) corporation.
  C) partnership. D) Any of the above could be correct.

Question 2

Assume that the European Union passes a new trade policy that will only allow trade with South American countries that pass environmental laws that are the same as those of member countries in the EU.
 
  The argument that is made is that this will provide a level playing field for the EU in competing with South American nations in international trade. Critically evaluate this argument.

[Laurenleakan]

Answer to Question 1

A

Answer to Question 2

This may seem like a way of making a level playing field but it may just be a trade restriction in disguise. South American countries are not likely to be able to comply with such a demand. The reason is that they are poorer relatively speaking compared to member nations of the EU. A clean environment is a normal good whose demand increases with the economic prosperity of the country. This doesn't sound like a good policy.

[Jkov05]

Great answer, keep it coming

[komodo7]

Thanks for the timely response, appreciate it