Most regional trade and WTO agreements practice
A) the harmonization standards only.
B) separate standards only.
C) mutual recognition standards only.
D) a combination of harmonization, mutual recognition, and separate standards.
E) only the standards set out by the WTO.
D
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If a community spends more than the amount a categorical grant requires, the effect is _____
a. the same as a general grant b. better than a general grant c. worse than a general grant d. impossible to determine given the available information
When investors buy more capital goods because the interest rates have fallen, the aggregate demand curve
A) shifts right. B) shifts left. C) does not shift. D) stays the same.
Bonds are a __________ liquid asset than other loans because they _____________.
A. more; are standardized B. more; are guaranteed from default by the government C. less; are standardized D. less; are guaranteed from default by the government
If a monopolist is producing a level of output where MR is less than MC, then it should
A. Increase its output. B. Lower its price. C. Lower its output. D. Shift its marginal cost curve upward.