Which of the following is a free trade agreement?
A) the Trans-Pacific Partnership (TPP)
B) the Transatlantic Trade and Investment Partnership (TTIP)
C) the Caribbean Basin Initiative (CBI)
D) the African Growth and Opportunity Act (AGOA)
A
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Using the information in the table shown, if you were to graph the first two columns, you would have graphed which curve?
This table represents the revenues faced by a monopolist.
A. Marginal revenue
B. Market supply
C. Market demand
D. Total productivity
Econometrics is the statistical analysis of economic data.
A. True B. False C. Uncertain
To answer the next question, use the following graph showing the domestic demand and supply curves for a specific standardized product in a particular nation.
If the world price for this product is $1.60, this nation will experience a domestic
A. surplus of 160 units, which it will export. B. surplus of 160 units, which will reduce the world price to $1.00. C. shortage of 160 units, which will increase the domestic price to $1.60. D. shortage of 160 units, which it will meet with 160 units of imports.
Which statement is true?
A. Most economists support rent control laws. B. Usury laws and rent control are price ceilings. C. Usury laws have never had any effect because they are set well above interest rates. D. None of these choices are true.