The successor to GATT in 1995 is
A) the World Agreement on Tariff and Trade.
B) the World Trade Organization.
C) the World Trade Agreement.
D) the World Trade and Tariff Organization.
B
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If substitutes for a good are readily available, the demand for that good
A) does not change substantially if the price rises. B) does not change substantially if the price falls. C) is inelastic. D) is elastic. E) Both answers A and B are correct.
Large fluctuations in money supply growth and smaller fluctuations in the federal funds rate between October 1982 and the early 1990s indicate that the Fed had shifted to ________ as an operating target
A) borrowed reserves B) nonborrowed reserves C) excess reserves D) required reserves
In economics, choosing one activity means:
A. choosing not to take advantage of another opportunity. B. people always act rationally. C. people signal they only like that activity. D. that activity must be observable to be studied.
A country imposing trade restrictions can benefit only if other countries also impose trade restrictions.
Answer the following statement true (T) or false (F)