The most important role of the World Trade Organization is
(a) to promote market oriented economic policies.
(b) to settle trade disputes.
(c) to provide development assistance.
(d) to help countries choose the appropriate level of a tariff or quota.
B
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Economists use the word "capital" to mean
A) purchases in the market for stocks and bonds. B) the tools, instruments, and other produced goods used to produce goods and services. C) the workers that firms employ to produce goods and services. D) the funds that firms use to buy and operate their businesses. E) people's skills and talents.
Jose is rational if he
A) does not intentionally make decisions that would leave him worse off. B) never makes a mistake in his life. C) only responds to rewards that involve money. D) always uses a model or mathematical formula to help him make a decision.