Which of the following was established first?
a. gatt
b. nafta
c. wto
d. a and b were established at the same time
Ans: a. gatt
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Given below are the current account transactions of an economy in a year
a. exported goods and services worth $120 billion b. imported goods worth $200 billion c. revenue earned from manufacturing plants situated abroad equals $80 billion d. dividend paid to foreign investors equals $10 billion e. donations and disaster relief funds given to a foreign country equal $10 billion f. received "gifts" worth $5 billion from foreign donors towards poverty alleviation i) Calculate the economy's trade balance. ii) What will be the balance in the economy's current account?
If a graph has a line that shows the amount of outsourcing in the last ten years, it is known as
A) a pie chart. B) a demand curve for outsourcing. C) a time-series graph. D) a supply curve of outsourcing.
All of the following shift the labor demand curve EXCEPT changes in
A) fringe benefits offered to employees. B) the demand for the final product. C) labor productivity. D) prices of related factors.
Suppose that the exchange rate between the U.S. dollar and the Mexican peso starts out at $0.11 per peso. If the exchange rate then changes to $0.08 per peso, there will be a(n) __________ in the quantity demanded of dollars by Mexicans, and therefore there will be a(n) __________ in the quantity supplied of pesos to the foreign exchange market
A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase