The successor organization to GATT that handles trade disputes among its member nations is the
A. North American Free Trade Agreement.
B. European Union.
C. General Agreement on Tariffs and Trade.
D. World Trade Organization.
Answer: D
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In response to the financial crisis in 2008, the Fed created which of the following policy tools?
A) quantitative easing B) the required reserve ratio C) the discount rate D) the federal funds rate E) open market operations
If government spending rises but the central bank changes the money supply to prevent income from changing, then
a. both consumption and investment will remain unchanged. b. consumption rises and investment falls. c. investment falls but consumption rises. d. both consumption and investment rises.
Which of the following is not a lower-cost benefit of an internal labor market?
A. Promoting only insiders to higher-level jobs B. The cultivation of long-term employee motivation C. Management's ability to learn about employees' best attributes D. The development of firm-specific human capital
The budget line
A) shifts to the left as income increases. B) has a positive slope. C) is a vertical line. D) shows the combination of goods that can be purchased at fixed prices and with a given income.