GATT is an acronym (stands for)
a. Good and Total Trade
b. General Agreement on Tariffs and Trade
c. Greater Agreements Toward Trade
d. Gold and Trade Transactions
e. Greater Area Trade Transactions
B
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How can an insurance company offer people a deal worth taking? Why do both the buyers and the sellers of insurance gain?
What will be an ideal response?
Trade restrictions can prevent purchasing power parity from holding because:
A. the time and energy of importation paperwork can add to the cost of the good sold. B. tariffs can add to the cost of the good sold. C. they can add costs to the selling price because they add to the seller's cost. D. All of these statements are true.
Managed floats are equivalent to fixed exchange rates
a. True b. False
When advertising is used to relay information about price, each firm is able to enhance market power
a. True b. False Indicate whether the statement is true or false