Which of the following lists give world exports in the order of their value, from highest to lowest?
a. Aircraft, motor vehicle parts, crude petroleum
b. Aircraft, crude petroleum, motor vehicle parts
c. Crude petroleum, office and telecom equipments, automotive parts
d. Motor vehicle parts, aircraft, crude petroleum
e. Motor vehicle parts, crude petroleum, aircraft
c
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A utility-maximizing consumer would never purchase a good if the:
a. MU/P is positive. b. marginal utility is positive. c. marginal utility is negative. d. none of these is correct.
The abbreviation GATT stands for:
a. General Analysis of Taxes and Transfers. b. General Agreement on Tariffs and Trade. c. Government Agency for Trade and Transportation. d. Government Agency for Treaties and Taxes. e. General Agreement on Terms of Trade.
In general, it is reasonable to assume that the average person's standard of living is ____________ in a ____________ economy than in a ____________ economy.
A. higher; money; barter B. lower; barter; money C. higher; barter; money D. lower; money; barter a and b
Securities is a term that refers to ______.
a. bonds and stocks b. land and buildings c. coins and currency d. insurance and wages