GATT is the international agreement signed by the United States and ________ other countries in 1947 to promote the liberalization of foreign trade.
A. 13
B. 22
C. 86
D. 97
Answer: B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture. The market equilibrium with no government intervention is raising ________
A) 0 goats B) 40 goats C) 50 goats D) 55 goats
The minimum efficient scale of production is the level of production required for the
A. variable cost curve to reach its minimum. B. average cost curve to reach its minimum. C. long run average curve to reach its minimum. D. marginal cost curve to reach its minimum.
As interest rates rise, more and more investments become profitable for a firm.
Answer the following statement true (T) or false (F)