A principal objective of the World Trade Organization is to
A. Protect import-competing producers.
B. Assist in retraining workers displaced by imports.
C. Reduce barriers to trade.
D. Equalize income tax structures in various countries.
Answer: C
You might also like to view...
What is a monopsony and why is a monopsony able to pay a lower wage rate than a firm in a competitive labor market?
What will be an ideal response?
GDP differs from GNP because
A) GDP = GNP - net factor payments from abroad. B) GNP = GDP - net factor payments from abroad. C) GDP = GNP - capital consumption allowances. D) GNP = GDP - capital consumption allowances.
Assuming the central bank follows a money supply target, then an increase in the demand for money
a. will shift the position of the LM schedule away from the predicted level even if the target level of the money supply is achieved. b. will shift the position of the LM schedule toward the predicted level as long as the target level of the money supply is achieved. c. may or may not shift the position of the LM schedule away from the predicted level even if the target level of the money supply is achieved. d. None of the above
The term "fiduciary" comes from the Latin fiducia, which means
A. money. B. trust or confidence. C. gold. D. value.