The ruling in the shrimp-turtle case resulted in:
a. the United States being able to ban shrimp caught with nets unsafe for sea turtles.
b. the WTO upholding the environmental standard but ruling against the United States on technical grounds that it did not provide sufficient notice; after negotiation, however, the WTO reversed its decision.
c. the WTO refusing to hear the case.
d. a ruling that upheld the environmental standard.
Ans: b. the WTO upholding the environmental standard but ruling against the United States on technical grounds that it did not provide sufficient notice; after negotiation, however, the WTO reversed its decision
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Which of the following is true in the long run?
A) Total cost equals fixed cost. B) Total cost is constant. C) All costs are variable. D) Marginal cost equals zero. E) None of the above is true in the long run.
The steeper the LM curve
A) the more effective is monetary policy. B) the less effective is monetary policy. C) the greater is the interest-sensitivity of investment. D) the greater is the interest-sensitivity of the money supply.
The tax cuts of 2008 and 2009 reduced the disposable income of U.S. consumers
a. True b. False Indicate whether the statement is true or false
Other things the same, which of the following could explain a rise in Sweden's net capital outflow?
a. interest rates on Swedish bonds rise b. the probability of default on Swedish bonds rises c. Sweden enacts a law reducing taxes on income earned by foreign-owned businesses operating in Sweden d. None of the above are correct.