Most economists agree that an international trade agreement that was recently signed will strengthen the economies of those countries participating in it. This benefit is expected to be noticeable even in the short term. Nevertheless, despite the fact that the number of business bankruptcies generally declines in a country when its economic performance improves, these same economists expect that countries participating in the agreement will experience an increase in business bankruptcies shortly after it takes effect.
Which of the following, if true, most helps to justify the economists' expectation about business bankruptcies?
A. In the years before the new trade agreement was signed, major political parties in some of the countries that eventually signed it had opposed it.
B. The new trade agreement will eliminate tariffs that have protected businesses in participating countries from foreign competition.
C. More countries are expected to sign the new trade agreement
...
Which of the following, if true, most helps to justify the economists' expectation about business bankruptcies?
A. In the years before the new trade agreement was signed, major political parties in some of the countries that eventually signed it had opposed it.
B. The new trade agreement will eliminate tariffs that have protected businesses in participating countries from foreign competition.
C. More countries are expected to sign the new trade agreement
...
Statistics : Posted by GmatKnightTutor • on 13 Aug 2023, 08:00 • Replies 4 • Views 706
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