The Tokyo Round of the GATT negotiations was notable because it was the first round
A) that included Japan.
B) that included textiles and apparel.
C) to begin establishing rules on subsidies.
D) to begin discussions of exchange rates.
C
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It may be misleading to call water a necessity because
A) the amount of water a community consumes does not vary with the price people must pay for water. B) the demand for water does not obey the law of demand. C) the demand for water is highly elastic. D) the demand for water is highly inelastic. E) there are many uses of water for which good substitutes exist.
The act of buying a product at a low price in one market and reselling the product at a higher price in another market is called arbitrage
Indicate whether the statement is true or false
The best way for a Euroequity to get a listing in the United States is to issue a(n) ________.
A) Global Depositary Receipt B) European Depositary Receipt C) American Depositary Receipt D) Domestic Depositary Receipt
Tracy and Amy are playing a game in which Tracy has the first move at X in the decision tree shown below. Once Tracy has chosen either the top or bottom branch at X, Amy, who can see what Tracy has chosen, must choose the top or bottom branch at Y or Z. Both players know the payoffs at the end of each branch. 
The equilibrium to the game results in ________ for Amy and Tracy relative to what they could get if they could solve their ________.
A. lower payoffs; credible threat B. lower payoffs; commitment problem C. higher payoffs; commitment problem D. lower payoffs; prisoner's dilemma