An issue never confronted effectively by GATT, but considered an important issue for WTO is that of
A) the promotion of freer World trade.
B) the promotion of freer World commodity trade.
C) the promotion of freer World services trade.
D) the lowering of tariff rates.
E) the liberalization of trade.
C
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Suppose the price of oranges rises. As a result, the
A) supply of orange pickers increases. B) supply of orange pickers decreases. C) demand for orange pickers increases. D) demand for orange pickers decreases.
The gold standard period was
A) up until the first world war. B) between the first and second world wars. C) following the second world war until 1970. D) between 1954 and 1970. E) between 1814 and 1865.
Because of the book, The Other America, Michael Harrington was important in beginning the
a. Peace Corps. b. "War on Poverty." c. regulation of industry. d. Environmental Protection Agency.
According to the circular flow, the value of total output produced and total income
A. will always be different by the amount of firm profits B. should increase by the unanticipated rate of inflation. C. will be equal. D. should differ by the value of intermediate goods.