An international agreement from 1947 designed to lower tariffs was
A) the General Agreement on Tariffs and Trade.
B) the World Trade Organization.
C) the World Agreement on Tariffs and Trade.
D) the Trade and Tariff Agreement.
Answer: A
You might also like to view...
In general, one would expect that life expectancies reflect international differences in income levels. Do the data support such a claim?
A) Average life span falls as relative poverty falls. B) Average life span increases as relative poverty falls. C) There is no statistically significant relationship between the two. D) The relation is not very strong. E) The relationship looks more like a U-shape.
Saving endangered species
A) benefits all people in society without any trade-off. B) must involve the loss of another species. C) may involve a trade-off in terms of the loss of other economic activities. D) requires the government to list those species as common property.
The quantity which a firm will supply in the short run
a. can be read from its average cost curve. b. can be read from its average variable cost curve. c. can be read from the firm's marginal cost curve above average variable cost. d. is always zero above minimum average variable cost.
An unemployed person is
A. one who is eligible to work but chooses not to work. B. one who is not working. C. a person without a job who is actively seeking and available for work. D. one who can only find jobs that are below his abilities.