This Application showed that
A) the WTO can affect the actions of member countries, but rapid resolution of disputes requires ongoing negotiations between countries.
B) decisions by the WTO can lead to further conflicts between countries.
C) it may take years for decisions by the WTO to take effect.
D) all of the above
D
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________ the owners of the factors of production, while ________ what amounts of those factors to hire
A) Households are; firms determine B) Households are; the government determines C) The government is; firms determine D) Firms are; households determine E) Firms are; the government determines
A movement along the supply curve might be caused by a change in
a. production technology. b. input prices. c. expectations about future prices. d. the price of the good or service that is being supplied.
A financial institution that accepts deposits, makes loans, and offers checking accounts is
A) an insurance company. B) the Federal Deposit Insurance Corporation. C) the Federal Reserve System. D) a commercial bank.
At a constant rate of exchange between currencies, higher inflation makes domestic goods sold abroad ________ expensive and hence, ________ short-run equilibrium output.
A. less; decreases B. more; increases C. more; decreases D. less; increases