A WTO member country must offer all other member countries ________ that are offered to any single member country
a. common-market guarantees
b. the same trade concessions
c. the same basket of commodities
d. import substitutions
b
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
How do fluctuations in aggregate demand and short-run aggregate supply bring fluctuations in real GDP around potential GDP?
What will be an ideal response?
In the above table, what is the marginal physical product of worker 2?
A) 10 B) 18 C) 11 D) 9
Which of the following is not an option that could be used to save Social Security? a. Decreasing the age required for full-time benefits
b. Implementing means testing c. Allowing individuals to opt out of the Social Security system d. Increasing the return to Social Security funds