A most favored nation clause in a trade agreement among nations means that
a. only one nation will receive the lowest tariff
b. tariffs are prohibited
c. tariffs can only be applied to member countries
d. any tariff reduction given to any member of the group applies to every member
e. the nations will not trade with other nations except in emergency
D
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In a repeated prisoner's dilemma, players:
A. can sustain cooperation by employing a tit-for-tat strategy. B. always play their dominant strategy. C. never learn to play their dominant strategies. D. can sustain cooperation by playing their dominant strategy.
Which of the following events will decrease the domestic real interest rate in an open economy?
A. A decrease in the domestic saving. B. An increase in the perceived riskiness of investing in the domestic economy. C. An increase in domestic saving. D. An decrease in net capital inflow.
A condition for the use of eminent domain is that the property being taken
A) must remain the property of the government entity which authorized the use of eminent domain. B) must be intended for public use. C) must be undeveloped property. D) must be considered blighted property.
An asset's interest rate risk ________ as the duration of the asset ________
A) increases; decreases B) decreases; decreases C) decreases; increases D) remains constant; increases