Which organization is committed to lowering trade barriers?
a. the United Nations
b. the World Bank
c. the World Trade Organization
d. the International Monetary Fund
c. the World Trade Organization
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If a good is price inelastic, an increase in price will decrease total revenues
Indicate whether the statement is true or false
People who end up in prison are particularly subject to ________
A) higher cyclical unemployment B) higher structural unemployment C) lower cyclical unemployment D) lower seasonal unemployment
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.
The claims of nonowners of a bank against the bank's assets are called:
A. net worth. B. liabilities. C. required reserves. D. loans.