The International Communication Network which is the successor of GATT settles trade disputes among its member countries
a. True
b. False
Indicate whether the statement is true or false
False
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If the central bank of Orangeland pursues an expansionary monetary policy, ________
A) its labor supply will fall B) the price level in Orangeland will fall C) the demand for labor in the economy will increase D) the interest rate in Orangeland will rise
Market equilibrium occurs when
A) other things remain the same. B) the market is changing rapidly. C) the quantity demanded equals the quantity supplied. D) buyers get the lowest possible price. E) everyone who wants the good gets the quantity he or she wants.
State the Coase theorem
What will be an ideal response?
The principle of comparative advantage explains specialization and trade among countries but not among individuals
a. True b. False Indicate whether the statement is true or false