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Aneli [31]
3 years ago
9

In the past there have been violent protests against the World Bank and the World Trade Organization. The protesters argued that

these institutions promote free trade and also encourage corporations in rich countries to invest in poor countries. The protesters contended that these practices make rich countries richer and poor countries poorer. An economist would?
Business
1 answer:
maria [59]3 years ago
3 0

Answer:

An economist would most likely disagree with those positions.

Explanation:

Most economists agree that free trade (a policy that is actively promoted by the World Trade Organization and the World Bank) is a positive-sum game, meaning that all countries that engage in trade benefit from it.

Economists would point out that the policies of the WTO have reduced tariffs, making consumer goods cheaper for people in low-income countries. They would also agree (some would disagree) in that the World Bank is an institution that has provided much needed economic aid to poor countries.

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you can get money to further your education, also engage in stem activities.

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Which of the following is a process by which investment bankers purchase new securities directly from the issuing company and re
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he Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 433 riders a day. The
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2.77

the bus company should  decrease price to increase revenues.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

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Demand is elastic, so if price in reduced, there would be a rise in quantity demanded that would exceed the rise in price. This would increase revenues

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