For almost 70 years international trade policies have been governed
A) by the World Trade Organization.
B) by the International Monetary Fund.
C) by the World.
D) by an international treaty known as the General Agreement on Tariffs and Trade (GATT).
E) by the North American Free Trade Agreement (NAFTA).
D
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Why does the Fed have imperfect control over the money supply?
A. Because the Fed does not know how much reserves will change when it buys or sells securities. B. Because of unpredictable changes in the public’s desire to hold cash and banks’ desires to hold reserves. C. Because of unpredictable changes in reserve requirements. D. Because of the secrecy of FOMC meetings, which lead to policy surprises.
The following data show levels of planned variables for an economy. I = investment, S = saving after taxes, G = government spending, T = taxation, X = exports, and M = imports. ISGTNXMA222943354640B243445394844C263848425047D284251475351What is the equilibrium level of domestic output?
A. Choice A B. Choice B C. Choice C D. Choice D
Which of the following is not associated with global poverty?
A. Long life expectancy. B. The inequality trap. C. Prevalence of HIV. D. Lack of education.
A price elasticity of zero corresponds to a demand curve that is:
A. horizontal. B. vertical. C. downward sloping with a slope always equal to 1. D. either vertical or horizontal.