If the United States has reason to believe that the trade policies of another country violates the GATT, then to which organization do they send their complaint to?
A. the World Trade Organization (WTO)
B. the International Monetary Fund (IMF)
C. the United Nations (UN)
D. the World Bank (WB)
Answer: A
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The government should subsidize the production of goods which generate a positive externality
a. True b. False Indicate whether the statement is true or false
Which of the following changes in the exchange rate represents an appreciation of the dollar?
a. 100 yen = $1 to 90 yen = $1 b. 1 yen = $.10 to 1 yen = $.08 c. 1 pound = $3 to 1 pound = $4 d. $1 = 25 rubles to $1 = 20 rubles e. 20 euros = $10 to 19 euros= $10
A voluntary export restraint is an agreement negotiated between two countries that places a numerical limit on the quantity of a good that can be imported by one country from the other country
Indicate whether the statement is true or false
Figure 7-8
Of the graphs in Figure 7-8, which represents total cost?
a.
1
b.
2
c.
3
d.
4