The successor to GATT in 1995 is

A. the World Trade and Tariff Organization.
B. the World Trade Agreement.
C. the World Trade Organization.
D. the World Agreement on Tariff and Trade.


Answer: C

Economics

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A. recessionary; recessionary B. expansionary; expansionary C. recessionary; expansionary D. expansionary; recessionary

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What is the marginal cost of the 5th unit?

a. $100 b. $105 c. $110 d. $115

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Because of automatic stabilizers, in recessions the government budget deficit ________, while in expansions the deficit ________.

A. falls; rises B. rises; falls C. falls; falls D. rises; rises

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