Which of the following does NOT belong?
A) NAFTA
B) Uruguay Round
C) World Trade Organization
D) non-tariff barriers
E) major free trade agreements of the 1990s
D
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When the Fed supplies the banking system with an extra dollar of reserves, deposits ________ by ________ than one dollar—a process called multiple deposit creation
A) increase; less B) increase; more C) decrease; less D) decrease; more
Hugo consumes a certain combination of pizzas and cola. However, he can afford more of cola, given his budget constraint. Graphically, this would imply that his choice lies: a. on the budget constraint
b. within the budget constraint. c. outside the budget constraint. d. on one of the axes.
Which of the following is an example of commodity money?
a. Rare baseball cards b. Euros c. Stocks d. The gold standard
Monopolistically competitive firms have a:
A. perfectly elastic demand curve. B. downward-sloping demand curve. C. horizontal demand curve. D. perfectly inelastic demand curve.