The World Trade Organization (WTO) was organized as a successor to the
A) IMF.
B) UN.
C) UNCTAD.
D) GATT.
E) the World Bank.
D
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Some economists claim that the Chilean experience during the 1990s was much more successful than its Latin American neighbors. Evaluate the Chilean policies during that decade
What will be an ideal response?
The Celler-Kefauver Act of 1950 amended the:
a. Sherman Antitrust Act. b. Clayton Act. c. Federal Trade Commission Act. d. Robinson-Patman Act.
When constructing a basic macroeconomic model, several assumptions (not realistic, but necessary to simplify the analysis) are made. Which of the following are assumed to be constant?
a. the price level b. the rate of interest c. the foreign exchange rate d. the level of government spending e. All of the above are held constant.
Which of the following is an advantage of tradable pollution permits?
a. Each firm is allowed to pollute exactly the same amount. b. Revenue from the sale of permits is greater than revenue from a corrective tax. c. The initial allocation of permits to firms does not affect the efficiency of the market. d. Firms will engage in joint research efforts to reduce pollution.