Which of the following was formed in October 2001 to make the national antitrust laws more consistent across the developing and developed countries of the world?
a. International Cooperation Network
b. International Competition Network
c. International Communication Network
d. International Organization for Standardization
e. International Court of Justice
b
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Which of the following does free trade encourage?
A) higher rates of economic growth B) more rapid spread of technology C) domestic industries' access to larger markets D) all of the above
For a person earning $75,000, the marginal tax rate for the amount from 10,001 to $15,000 is:
A. 10%
B. 15%
C. 25%
D. 27.5%
Within the framework of the Keynesian Cross model, if an economy is operating at a real GDP less than full-employment real GDP:
a. a recessionary gap exists b. an inflationary gap exists c. aggregate expenditures will rise d. the general level of prices will rise
Which of the following is an example of a good that is produced by the public sector but consumers purchase it in proportion to the benefit received?
a. milk b. public education c. first-class mail delivery from the U.S. Post Office d. national defense