Answer the following statements true (T) or false (F)
1) The WTO is comprised of 28 European nations.
2) The current, ongoing round of trade negotiations in the World Trade Organization is called the Doha Round.
3) The European Union (EU) is a free trade zone comprising all the nations of eastern and western Europe.
4) France, Germany, and Italy are all members of the eurozone.
5) NAFTA is an international accord that will eliminate all tariffs and quotas worldwide by the year 2025.
1) F
2) T
3) F
4) T
5) F
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If Stock A and Stock B both decrease in value at the same time, they are
A) negatively correlated. B) uncorrelated. C) positively correlated. D) bad bets.
Figure 9-5
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If the shift in the C + I + (X ? IM) in Figure 9-5 was caused by a 80 dollar increase in investment, then the multiplier is
A. 0 B. 2 C. 3 D. 4 E. 5
Rob's income rises from $50,000 to $60,000 and his income tax increases from $6,000 to $7,500.His marginal tax rate is 12.5%
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The firm's isocost line would shift from CE to CD if
A. the firm's total expenditure on inputs decreased. B. the price of capital rises. C. the price of labor rises. D. either the price of labor fell or the firm's total expenditure on inputs decreased.