What are GATT and the WTO?
What will be an ideal response?
GATT is the General Agreement on Tariffs and Trade. It is an international agreement, established in 1947, that has lowered trade barriers among its more than 149 nation members. The WTO is the World Trade Organization, which was established in 1995 to enforce GATT and other international trade agreements, resolve trade disputes, and host trade negotiations.
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The divergent behavior of unemployment in the United States and Europe, especially in the 1990s,
a. has been ascribed to different structural characteristics of money markets in the two regions. b. has been attributed to different structural characteristics of labor markets in the two regions. c. cannot be explained for these two regions. d. has been explained with different demographic factors in the two regions.
Which of the following can be considered an injection into an economy?
a. Imports b. Investment c. Aid to foreign countries d. Saving e. Taxes
A separate average revenue curve is not required when you have the demand curve for a firm. Explain
As a percentage of potential GDP, the largest actual budget deficit occurred in which year?
A. 2015. B. 2007. C. 2001. D. 2009.