If France Is Better Than Latvia at Producing Wine,but Latvia

question 92

Multiple Choice

If France is better than Latvia at producing wine,but Latvia is better than France at producing lumber,what should happen

• A)Latvia should sell lumber to France, and should buy French wine.
• B)Latvia should impose a tariff on French wine in order to protect jobs in the Latvian lumber industry.
• C)Latvia should subsidize its wine industry so that it can compete with French wine.
• D)Latvia should put a quota on the amount of French wine imported.

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Definitions:

Incorporator

The individual or entity responsible for creating and filing the necessary documentation to legally form a corporation with the state.

De Facto Corporation

A business entity that operates as if it were a corporation although it has not completed the legal formalities for incorporation, and may be treated as a corporation by courts.

De Jure Corporation

A corporation that has fully complied with all legal requirements for its establishment, and thus has legal recognition.

Corporation by Estoppel

A legal doctrine that prevents a party from denying the corporation's existence if they have dealt with it as if it were a legal corporation.