What complex set of free-trade area regulations prohibits non member country imports to a high-tariff member country via a low-tariff member country?
a. environmental certification
b. rules of origin
c. health and safety standards
d. a codified trade agreement
Ans: b. rules of origin
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Which of the following is not discussed as a job of a vehicle currency?
A) cross-border bank transactions B) international money market funds C) international bonds and notes D) All of the above are vehicle currency uses.
The regular income a person expects to earn annually, which may differ by some unexpected gain or loss from the actual income earned, is known as
a. disposable income b. permanent income c. transitory income d. relative income e. intended income
If the president claims that more people are working now than ever before, then which of the following must be true?
a. The unemployment rate is lower now than ever before. b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever before. d. The number of people in the labor force is higher now than ever before. e. The number of people employed is higher now than ever before.
Improvements in the level of technology will generally shift the production function downward.
Answer the following statement true (T) or false (F)