The organization that settles trade disputes between countries is the
A) World Bank.
B) World Trade Organization.
C) International Monetary Fund.
D) United Nations.
B
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Use the following production possibilities frontier to answer the next question.
The selection of which point on the production possibilities frontier is most likely to result in the largest increase in economic growth over time?
A. Point 1 B. Point 2 C. Point 3 D. Point 4
The United States ranks higher than Israel and Egypt on the 2017 Index of Economic Freedom.
Indicate whether the statement is true or false.
Which factor does not affect the elasticity of demand for a good?
(A) The importance of the good to the consumer. (B) The availability of substitute goods. (C) The consumer's perception of the good as necessity or luxury. (D) An increase in population.
What are network effects? How do they contribute to economies of scale?
What will be an ideal response?