Which round of GATT first addressed subsidies?
What will be an ideal response?
The Tokyo Round
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The maximum amount of production that can be produced while avoiding shortages of labor, capital, land, and entrepreneurship that would bring rising inflation is called
A) real GDP. B) nominal GDP. C) actual GDP. D) potential GDP.
Which of the following are risks for multinational corporations but not risks for domestic corporations?
A) changes in government rules and regulations B) capital controls C) changes in tax laws D) government red tape and corruption
Which of the following is NOT an obstacle to economic development?
A) lack of entrepreneurship B) political instability C) corruption D) a central bank
When a resource is an open-access resource,
a. each individual in the society owns it b. the group owns it c. no one owns it d. the government owns it e. some nonprofit agency owns it