The Maastricht Treaty eliminated passport controls at borders with the European Union.
Indicate whether the statement is true or false
Question 2 - Labeling that states that a product was produced under environmentally sustainable conditions may not be an effective way to reduce pollution if
A) producers do not apply labels.
B) labeling increases costs.
C) consumers do not believe the information on the label.
D) governments require labels.
Question 3 - Expenditure switching policies are best used on their own.
Indicate whether the statement is true or false
Question 4 - Using the specific factors model, assume that strawberry production requires the specific factor of land, tractor production requires the specific factor of capital, and labor is variable. If the United States is capital abundant compared to Mexico, and Mexico is land abundant compared to the United States, then in the short run with trade we would expect
A) the income of U.S. land owners to increase.
B) the income of U.S. workers to increase.
C) the income of Mexican workers to increase.
D) the income of Mexican land owners to increase.
Question 5 - The Single European Act was expected to create economic benefits by reducing the costs and risks of currency market transactions.
Indicate whether the statement is true or false
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