The key role of the WTO is to
A. control world trade
B. increase free trade
C. manage quotas
D. balance world trade
Answer: B. increase free trade
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Recurring fixed costs may lead to only one firm producing in a Cournot oligopoly model.
Answer the following statement true (T) or false (F)
In general, a plaintiff and defendant should be expected to settle if the expected ________ from the litigation is ________ the expected ________.
A) gain; greater than; loss B) loss; greater than; gain C) loss; less than; gain D) loss; exactly one half of; gain
What group of workers is more organized than any other type of worker group?
a. automobile b. manufacturing c. government d. education
U.S. per capita GDP is roughly how much larger than the world average?
A. Five times as large. B. Twice as large. C. Four times as large. D. Three times as large.