The Uruguay round of GATT (1993) talks
A. reduced trade barriers and tariffs.
B. increased trade barriers and tariffs.
C. left tariffs and trade barriers unchanged.
D. lowered some trade barriers but increased tariffs.
Answer: A
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The interest rate on U.S. government securities is often called the
a. prime rate b. public discount c. riskless rate d. superior rate e. universal discount
Refer to the accompanying figure.
Based on the figure and starting from an initial short-run equilibrium where output equals 20,000, if autonomous consumption spending increases by 1,000, then the new short-run equilibrium output (Y) is equal to:
A. 24,000. B. 16,000. C. 6,000. D. 14,000.
Identify markets in which there is an exchange
What will be an ideal response?
How does marginal cost change as output increases (a) initially and (b) eventually?
What will be an ideal response?