One of the major issues in the Uruguay round of GATT was
A. the placement of the WTO offices in Uruguay.
B. the use of trade as a diplomatic weapon.
C. the question of the Euro's convertibility.
D. domestic content provisions for movies and television.
Answer: D
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If the government did not provide and subsidize education:
A. parents would acquire less education for their children than is efficient because some of the benefits of education are private and some are social. B. parents would acquire the efficient quantity of education for their children, because all of the benefits of education are private. C. no children would receive an education because the benefits of education are public goods. D. the education market would reach efficiency.
A monopolistically competitive firm influences market price by virtue of its size.
Answer the following statement true (T) or false (F)
Bob plans to spend $60 per month on DVD movie rentals and CDs. The price of a movie rental is $3 and the price of a CD is $15. If Bob rents 5 DVDs per month, how many CDs can he buy?
A) 1 B) 2 C) 3 D) 4
The amount a family can take in deductions is the larger of
A. their exemptions and their itemized deductions. B. their exemptions and their capital gains. C. their standard deduction and their itemized deductions. D. their exemptions and the standard deduction.