The GATT was
a. formed shortly after World War II
b. authorized in the American Constitution
c. formed in 1994
d. formed in 1876
e. formed to unify the European continent
A
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The circular flow diagram indicates that
A) households sell the services of factors of production to firms. B) firms buy the services of factors of production from the government. C) households sell goods and services to the government. D) firms buy goods and services from households.
An example of organizational architecture based on customer location is when divisions are defined as
a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers
Bill the butcher is upset because the government plans to tax beef $.10 a pound. "I hate paying taxes," he says. "Because of this, I'm raising all my beef prices by $.10 a pound. The consumers will bear this burden, not me." Do you see anything wrong with this way of thinking? Explain
From the Patterns of Sustainable Specialization and Trade (PSST) perspective, expansionary monetary and fiscal policies that are designed to boost aggregate demand
A) will not work if the money market is in disequilibrium, and may end up making the economy worse. B) will not work unless alternative sources of energy are employed. C) may not work if buyers and sellers are out of sync with one another, and may end up making the economy worse. D) are always successful in pushing the economy to full-employment.