The United States gives ________ percent of its total output to foreign aid
A. 0.4
B. 0.7
C. 0.19
D. 0.28
Answer: C
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Which of the following is true?
A) A country experiencing a debt or currency crisis would contact the World Trade Organization. B) The World Trade Organization was formed at the Bretton Woods conference. C) The General Agreement on Tariffs and Trade created the World Trade Organization in the negotiations and treaty known as the Uruguay Round. D) The World Trade Organization has no power to resolve trade disputes and to enforce their resolution.
The non-discriminating pure monopolist must decrease price on all units of a product sold in order to sell more units. This explains why:
A. There are barriers to entry in pure monopoly B. A monopoly has a perfectly elastic demand curve C. Marginal revenue is less than average revenue D. Total revenues are greater than total costs at the profit maximizing level of output
A decrease in Swiss prices will cause
A) an increase in the demand for U.S. dollars and an increase in the exchange rate of Swiss francs per dollar. B) a decrease in the demand for U.S. dollars and a decrease in the exchange rate of Swiss francs per dollar. C) an increase in the supply of U.S. dollars and a decrease in the exchange rate of Swiss francs per dollar. D) a decrease in the supply of U.S. dollars and an increase in the exchange rate of Swiss francs per dollar.
Growth of output per person at a constant rate is referred to as ________
A) a balanced growth path B) a steady state C) a ratio scale D) an amplification effect