The World Trade Organization is designed to do the following except:
A. enforce trade agreements between nations.
B. monitor trade agreements.
C. ensure that trade doesn't adversely affect the environment.
D. promote free trade internationally.
Answer: C
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Which of the following contributed to the sharp increase in Federal tax revenues between 1995 and 2001?
A) an increase in income tax rates B) a sustained economic expansion C) increased income inequality D) all of the above
At a given point in time, the Rawlsian welfare function gives equal weight to each individual's utility
Indicate whether the statement is true or false
The marginal revenue curve is the same as the demand curve for the
a. monopolistic competitor b. perfect price discriminator c. oligopolistic price leader d. single price monopoly e. export producer
Refer to the information provided in Figure 6.6 below to answer the question(s) that follow.
Figure 6.6Refer to Figure 6.6. Bill's budget constraint was originally EF. If his new budget constraint is AD, then his income
A. decreased. B. increased and the price of bell peppers decreased. C. increased. D. decreased and the price of bell peppers increased.