The international organization whose primary function is to promote free and fair trade between countries worldwide is the:
A. IMF.
B. EU.
C. NAFTA.
D. WTO.
Answer: D
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One study found that unemployment is the economic term mentioned most often in U.S. newspapers
a. True b. False Indicate whether the statement is true or false
An open market purchase of securities by the central bank from banks usually will:
A. decrease the amount of deposits in the banking system. B. decrease the banks' willingness and ability to make loans. C. induce the banks to make more loans since their revenue will decrease if they do nothing. D. increase the banks' revenue even if the bank does nothing with the reserves.
Refer to Figure f. A benefit function is plotted in Figure f. The letter B represents the:
A. risk premium of the consumption bundle.
B. expected utility of the consumption bundle.
C. certainty equivalent of the consumption bundle.
D. expected consumption.
Economist's can justify supporting education through taxation on which of the following grounds?
A) Education generates spillover benefits.
B) Low-income people could not otherwise afford education.
C) Most economists are educators.
D) Free education extends equal opportunity to all.
E) Public education is more efficient than allowing education to be provided by the market.