Which of the following is not included in GDP but occurs hand-in-hand with improvements in GDP?
a. production
b. services
c. investment
d. environmental protection
d. environmental protection
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In the above figure, if the economy is at point A, which of the following is TRUE?
A) There is a recessionary gap. B) There is an inflationary gap. C) Point A is the long-run equilibrium point. D) None of the above answers are correct.
The Mexican peso crisis of 1994 and 1995 was directly related to
A) the start of NAFTA. B) a large capital account surplus. C) a large capital account deficit. D) an undervalued peso. E) a large current account surplus.
In a perfectly competitive market:
A. there are a few buyers. B.there is a cartel. C. no single buyer or seller can significantly affect the market price. D.there is a single seller.
What is the "most favored nation) principle of the wto?
a) it means that trading partners may choose a favorite nation to trade with b) it means that any nation can refuse to trade with another that is not its most favored nation c) it means that the WTO has the right to choose the nation that has performed best within the WTO guidelines as its most favored nation d) it means that every nation must grant the same rights and treatment to other nations in the WTO as its most favored nation