Trade disputes between the U.S. and Japan could be mediated by
A. UNESCO.
B. NAFTA.
C. the WTO.
D. U.S. courts.
Answer: C
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Which of the following people would be counted in the labor force?
a. Chou, who lost his job and last looked for work three months ago b. Stephanie, who holds a Ph.D. in history but can only find part-time employment at a fast food restaurant c. Jordan, who would like to work as a stockbroker but is a stay-at-home father d. Steffan, who is a patient in a mental hospital e. Monique, age 90, who is enjoying her retirement in Montana
Figure 10-9 shows the demand and cost curves for a monopolist. Refer to Figure 10-9. What is the economically efficient output level?
A line is parallel to the vertical axis. The slope of the line is
A) zero. B) infinite. C) indicative of an inverse relationship between two variables. D) indicative of a direct relationship between two variables. E) b and d
Among the most important demand side factors explaining homes prices would be the
A. average wage paid to carpenters. B. cost of lumber. C. number of homebuilders. D. income of potential homebuyers.