The international treaty established to negotiate lower trade restrictions is known as the
a. World Bank Act
b. General Agreement on Tariffs and Trade (GATT)
c. International Association for Free Trade (IAFT)
d. Countries United for Free Trade (CUFT)
e. International Development Fund
B
You might also like to view...
The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a ________ and country B had a ________
A) budget deficit; budget deficit B) balanced budget; budget surplus C) balanced budget; budget deficit D) budget surplus; budget surplus E) budget surplus; balanced budget
If Isabella buys two goods and the prices of both goods decrease by 50%
A) the budget constraint will be unchanged. B) the slope of the budget constraint will increase. C) the slope of the budget constraint will decrease. D) the budget constraint will shift outward in a parallel fashion.
In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, planned investment is fixed at 50, government purchases are fixed at 150, and net exports are fixed at 20. Autonomous expenditure equals:
A. 290 + 0.75Y. B. 290. C. 320. D. 320 + 0.25Y.
Unemployment rates typically increase dramatically from December to January because the holiday sales season ends. For this reason, it is best to
A. focus on November/December decreases. B. focus on January increases. C. politically adjust the data. D. seasonally adjust the data.