The World Trade Organization
A) was set up to increase tariffs among nations.
B) was set up to negotiate exchange rates between countries.
C) was set up to decrease tariffs among nations.
D) handles trade disputes among its member nations.
D
You might also like to view...
Use the following production possibilities tables to answer the next question.Germany's Production Possibilities ABCDEFAutos (millions)048121620Chemicals (millions)4032241680United States' Production Possibilities ABCDEFAutos (millions)03691215Chemicals (millions)60483624120Suppose that each nation specializes in producing the product for which it has a comparative advantage, and the terms of trade are set at 3 units of chemicals for 1 unit of autos. In this case, Germany could obtain and consume a maximum combination of 8 million units of autos and
A. 24 million units of chemicals. B. 36 million units of chemicals. C. 48 million units of chemicals. D. 12 million units of chemicals.
What is technological change?
What will be an ideal response?
Which of the following is included in the investment component of GDP?
a. spending to build new houses b. spending to build new factories c. spending on business equipment such as welding equipment d. All of the above are included in the investment component of GDP.
Everyone in an economy tends to do better when we experience:
A. steady economic growth, high unemployment, and stable prices. B. steady economic growth, low unemployment, and stable prices. C. high economic growth, low unemployment, and high inflation. D. high economic growth, high unemployment, and low inflation.