To help developing nations strengthen their international competitiveness, many industrial nations have granted tariff reductions to developing nations under the
A) international commodity agreements program.
B) multilateral contract program.
C) generalized system of preferences program.
D) export led growth program.
E) import substitution policy.
C
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Kevin purchasing concert tickets with his debit card is an example of the ________ function of money
A) medium of exchange B) unit of account C) store of value D) specialization
According to OSHA standards, the air in the building that John works in is unsafe. The type of regulation that OSHA engages in is known as
A) the Federal Register. B) social regulation. C) the market share test. D) economic regulation.
The attempt to force employers to use more labor than they otherwise would, or to force employers to use labor inefficiently, is known as
A) a secondary boycott. B) a sympathy strike. C) a monopsony. D) featherbedding.
Which of the following describes a negative externality?
a. A third party is negatively affected by a private transaction it was not part of. b. A third party is positively affected by a private transaction it was not part of. c. A party is negatively affected by a private transaction in which it took part. d. A party is positively affected by a private transaction in which it took part.