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Please have the correct answer. Question 7 is not the right answer
QUESTION 28 Which of the following is NOT a likely goal of macroeconomic coordination between nations? Achieving a desirable
QUESTION 46 Domestic firms operating abroad may find it economically beneficial to adopt environment-friendly standards becau
QUESTION 7 After trade opens, the short run impact on the income of the specific factor that is relatively scarce will be an
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Answer #1

1) Solution: Reducing trade barriers
Explanation: The macroeconomic coordination among the countries does not reduce the trade barriers


2) Solution: the least - cost strategy usually involves the adoption of one set of environment - friendly technology rather than multiple standards
Explanation: Domestic firms operating abroad can gain economically with the adoption of the least -cost strategy

3) Solution: A decrease in its real income
Explanation: The trade liberalization, the short-duration impact on the specific scarce factor causes a fall in its real income

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