Poor and developing countries are ranked on the top of the list of globalized countries by the KOF Swiss Economic Institute
a. True
b. False
Indicate whether the statement is true or false
False
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The WTO was established by the ________ of multilateral trade negotiations
A) Kennedy Round B) Tokyo Round C) Uruguay Round D) Dillon Round E) NAFTA Round
A Nash bargaining solution
A) is not the same as a Nash equilibrium. B) is derived from a Nash equilibrium. C) gives a solution in both cooperative and non-cooperative games. D) None of the above.
Single-price monopoly is inefficient because
a. side payments are not made b. a monopoly firm charges a price that exceeds its marginal cost c. a monopoly firm charges a price equal to its marginal cost d. a monopoly firm produces the quantity at which P = MR = MC. e. a monopoly firm produces the quantity at which MR = MC.
Starting from long-run equilibrium, the long-run impact of an increase in autonomous investment, compared to the original equilibrium, is:
A. higher inflation and the same output. B. lower inflation and lower output. C. higher inflation and higher output. D. lower inflation and the same output.