The international trade agreement that was executed in the 1940s was
a. the NAFTA
b. the U.S.–Mexico Border 2012 Agreement
c. the London Convention
d. the 1996 Protocol
e. the GATT
e. the GATT
You might also like to view...
What role does the invisible hand play when two firms are producing in the same competitive industry?
What will be an ideal response?
Several political leaders have proposed that parents be granted a substantially larger reduction in their annual personal income taxes for each child that they raise. The economic way of thinking indicates that legislation of this type would: a. make it more expensive for parents to provide for their children
b. reduce the value of children to their parents and therefore lead to a reduction in the birth rate. c. reduce the after-tax cost of raising children and therefore increase the birth rate. d. exert no impact on either the cost of raising children or the birth rate since parenting children is a non-economic activity.
The claim that advertising reduces the elasticity of demand is likely to be made by a defender of advertising
a. True b. False Indicate whether the statement is true or false
Technological advances affect the net capital stock by
a) reducing the volatility of investment b) inducing obsolescence c) lowering the marginal product of capital d) shrinking the gap between gross and net investment e) raising the aggregate gearing of firms