The successor organization to GATT, created in 1995, is the
A) WTO.
B) EU.
C) NAFTA.
D) FDIC.
A
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Explain why environmental damage would be classified as an externality.
What will be an ideal response?
A deficit-financed tax cut will ____ national savings and _____ private consumption
a. have no effect on; increase b. increase; decrease c. decrease; decrease d. decrease; increase
When marginal cost is less than average total cost, ________ as output increases.
A. average variable cost must be decreasing B. average total cost must be decreasing C. average fixed cost must be increasing D. average total cost must be increasing
One popular measure to describe the relationship between the dependent variableyand each explanatory variable is the:
A. ?standardized effect. B. ?interaction effect. C. ?average partial effect. D. ?partial effect.