Which organization meets regularly to establish rules related to international trade?
The United Nations
The Bank of America
The World Trade Organization
The Federal Reserve Board
The World Trade Organization
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The higher the expected inflation, _____
a. the higher the nominal rate of interest that lenders require and that borrowers are willing to pay b. the lower the nominal rate of interest that lenders require and that borrowers are willing to pay c. the higher the nominal rate of interest that lenders require and the lower the nominal rate of interest that borrowers are willing to pay d. the higher the real interest rate that lenders require e. the higher the real interest rate that borrowers are willing to pay
If Janice earns $50,000 a year and pays $500 in taxes, and Cam earns $100,000 a year and pays $20,000 in taxes, the tax system must be:
A. regressive. B. progressive. C. proportional. D. lump-sum.
Income tax collections:
A. rise during a recession, thus reduce the severity of the recession. B. rise during a recession, thus increase the severity of the recession. C. fall during inflationary episodes, thus increase the severity of the inflation. D. fall during a recession, thus reducing the severity of the recession.
The services of farmers are an example of:
A. capital. B. a natural resource. C. labor. D. entrepreneurship.