According to the text, approximately how many countries are members of the WTO?
A. 131
B. 302
C. 164
D. 12
Answer: C
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A cancer patient is told he needs chemotherapy in order to live three more years at best, but the patient's final three years will be filled with all the terrible side-effects of the treatment
Without it, he will surely die within a year, but his quality of life would be a better. Suppose he chooses to quit chemotherapy and instead he spends his time learning to play the cello, something he always wanted to learn. The economic way of thinking suggests A) others should consider playing the cello while they are still young and healthy. B) the doctors were absolutely right—the patient needs chemotherapy. C) the patient considers playing the cello a substitute for chemotherapy. D) the patient has clearly given up his will to live.
A bond’s price is unaffected by
A. changes in the market interest rate. B. returns on other financial assets. C. changes in government policies. D. all of these factors.
The decline in unionization can be explained by all of the following except
A. Increased global competition. B. A relative decline in manufacturing. C. Increased worldwide investment barriers. D. Downsizing of major corporations.
In the perfectly competitive market, all firms in the market are assumed to be producing:
A. identical products. B. differentiated products. C. products that are heavily advertised. D. complementary products.