Government procurement liberalization permits a country to realize cost savings resulting from the trade effect, competition effect, and economies-of-effect.
举一反三
- By joining NAFTA, the United States, Canada, and Mexico would find their short-run welfare decreasing due to the: A: Economies of scale effect B: Business investment effect C: Trade creation effect D: Trade diversion effect
- The government's action had no effect _____ the trade imbalance.
- According to the passage, to do the "effect to effect" reasoning is to reason _____. A: from cause to effect B: from effect to cause C: from effect to effect and on to cause D: from effect to cause and on to another effect
- A tariff can increase the welfare of a ''large'' levying country if the favorable terms-of- trade effect more than offsets the unfavorable protective effect and consumption effect.
- The terms of trade effect of a tariff refers to the fact that a small country can benefit by levying a tariff.