The WTO's Doha Development Agenda is only considering market access issues in agriculture, such as tariffs and quotas, because export subsidies and production subsidies are considered less harmful and have not been part of the GATT or WTO agenda
Indicate whether the statement is true or false
FALSE
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In the above figure, the average product of labor at point c is
A) 10. B) 5. C) 2. D) None of the above answers is correct.
An increase in the supply of money would decrease the interest rate and increase aggregate demand, other things equal
a. True b. False Indicate whether the statement is true or false
Which of the following is most likely to have inelastic demand?
a. an expensive sports car b. experimental and unnecessary cosmetic surgery c. organic fruits and vegetables d. an effective cancer-fighting drug
The provisions in state constitutions requiring them to balance their budgets mean that:
A. state governments can follow a functional finance approach with greater consistency than the federal government, which has no such requirement. B. state government spending acts as an automatic stabilizer for the national economy. C. state governments often behave procyclically because lower revenues during recessions means lower state spending. D. state governments can only use monetary policy to affect their economies.