The organization that settles trade disputes between countries is the
A. World Bank.
B. United Nations.
C. World Trade Organization.
D. International Monetary Fund.
Answer: C
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Pete feeds his dog 100 percent more Pup-Peronis when Zuke's treats increase in price by 50 percent. For Pete, Pup-Peronis and Zuke's are ________ and the cross-price elasticity of demand is ________
A) complements; -1/2 B) substitutes; 2 C) substitutes; -2 D) complements; 2 E) substitutes; 1/2
Refer to the figure above. What is the equilibrium quantity of labor hired by the firm when the wage rate is $4 per hour?
A) 10 hours B) 20 hours C) 50 hours D) 70 hours
What is the central role of financial intermediaries in a market economy?
A) keeping the price level stable B) bringing together savers and borrowers C) providing safe deposit boxes for people and businesses D) the creation and printing of money
All of the following are arguments in support of protectionist legislation except:
A. increasing global trade. B. supporting infant industries. C. preserving domestic employment. D. promoting national security.