During which round of negotiations did the WTO toughen its stance against domestic policies that limit trade?
a. Bretton Woods
b. Uruguay
c. Doha
d. The WTO never toughened its stance against domestic policies.
Answer: b. Uruguay
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If brokerage commissions on stocks fall, everything else held constant, the demand for bonds ________, the price of bonds ________, and the interest rate ________
A) decreases; decreases; increases B) decreases; decreases; decreases C) increases; decreases; increases D) increases; increases; increases
Consumers who do not consistently discount the future over time behave in a fashion that is most consistent with ________
A) the theory of intertemporal choice B) the Keynesian theory of consumption C) the permanent income hypothesis D) the life-cycle hypothesis
A quota specifies the maximum amount of a good that is permitted into the country from abroad per unit of time.
Answer the following statement true (T) or false (F)
If the value of the U.S. dollar changes from 1.4 euros to 1.2 euros, we would expect that the United States would experience a ________ in exports and a ________ in imports.
A. rise; rise B. fall; fall C. rise; fall D. fall; rise