The World Trade Organization provides for all of the following EXCEPT
A) the usage of the most favored nation clause.
B) assistance in the settlement of trade disagreements.
C) bilateral tariff reductions.
D) multilateral tariff reductions.
E) the prevention of nontariff interventions in trade.
C
You might also like to view...
In the above figure, if the minimum wage is set at $6 per hour, what quantity of labor is employed?
A) 100 million hours B) 200 million hours C) 300 million hours D) 400 million hours
When a firm is experiencing increasing marginal costs, it implies
a. There are constant marginal productivity b. There are decreasing average costs c. There are decreasing marginal productivity d. There are increasing marginal productivity
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
What is the best definition for rules of thumb?
a. universal principles that apply to economic situations across time and culture b. limitations placed on the ability of humans to problem solve effectively c. decision-making shortcuts based on what seems to have worked well in the past d. ways of circumventing traditional economic principles in order to maximize utility