The General Agreement on Tariffs and Trade is an international agreement
A) that outlaws all tariffs but permits quotas.
B) to encourage world trade by lowering tariffs and other trade barriers.
C) to encourage world trade by lending resources to developing countries.
D) between the United States and Japan that has never been ratified, resulting in several trade wars with Japan.
B
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Let C = 800 + 0.6y and I = 100. Assume no government or foreign sectors. If investment decreases by 40, the equilibrium output decreases by a total of
A) 800. B) 480. C) 100. D) 25.
A(n) ________ is a subsidiary of a U.S. bank that is engaged primarily in international banking
A) Edge Act corporation B) Eurodollar agency C) universal bank D) McFadden corporation
The chairman of the Federal Reserve:
A. is one of the most important economic positions in the United States, if not the world. B. has significant direct control over the conduct of monetary policy by the central bank. C. is appointed by the President and confirmed by Senate for a four-year term. D. All of these are true.
Which of the following pairs would most likely be confused for each other?
a. causation and hypothesis b. composition and hypothesis c. correlation and composition d. causation and correlation