Article XX of the World Trade Organization allows trade restrictions
A. to promote the use of solar energy in developing countries.
B. that are necessary to protect human, animal, or plant life or health.
C. to protect domestic jobs.
D. in the form of tariffs imposed on low-pollution products.
Answer: B
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A higher price for batteries would result in a(n)
a. increase in the demand for flashlights. b. decrease in the demand for flashlights. c. increase in the demand for batteries. d. decrease in the demand for batteries.
The inflation tax falls mostly heavily on
a. those who hold a lot of currency and accounts for a large share of U.S. government revenue. b. those who hold a lot of currency but accounts for a small share of U.S. government revenue. c. those who hold little currency and accounts for a large share of U.S. government revenue. d. those who hold little currency but accounts for a small share of U.S. government revenue.
In a binding situation, a decrease in the Z factors
A. does not shift the AD curve. B. shifts the AD curve to the right. C. shifts the AD curve to the left. D. causes the AD curve to become horizontal.
Strong rule-of-law countries grow more rapidly than weak rule-of-law countries. What factor will most likely improve economic growth in weak rule-of-law countries?
A. corruption B. capitalism C. political reform D. communism