The World Trade Organization is the successor to the:
A. General Agreement on Tariffs and Trade (GATT)
B. United Nations Commission on Trade Law (UNCTL)
C. World Customs Organization
D. United Nations Conference on Trade and Development (UNCTAD)
A. General Agreement on Tariffs and Trade (GATT)
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The table below shows the weekly supply for hamburgers in a market where there are just three sellers.PriceSeller 1 Qs 1Seller 2 Qs 2Seller 3 Qs 3$5854464334322221If the price of a hamburger increases from $2 to $4, then the weekly market quantity of hamburgers supplied will
A. increase from 5 to 13. B. decrease from 9 to 5. C. decrease from 13 to 5. D. increase from 5 to 9.
Economists refer to expenditures on training, education, and skill development designed to increase the productivity of an individual as: a. overhead expenditures
b. investments in human capital. c. marginal revenue product. d. investments in social capital.
A practice whereby a seller charges different prices to different consumers of the same product or service is called
a. price discrimination. b. oligopolistic pricing. c. stay-out pricing. d. monopolistic pricing.
Refer to the given table. Relative to column C, column D represents:Price Per UnitColumn A Units Per YearColumn B Units Per Year$205040$306050$407060$508070$609080
A. an increase in demand. B. a decrease in supply. C. a decrease in demand. D. an increase in supply.