The WTO's Doha Development Agenda is only considering market access issues in agriculture, such as tariffs and quotas, because export subsidies and production subsidies are considered less harmful and have not been part of the GATT or WTO agenda

How might using the Taylor rule improve the Fed's monetary policy?

What will be an ideal response?

If the firms in a monopolistically competitive industry are earning short-run profit, which of the following is not likely to occur in the long run?

a. New firms will enter the industry. b. New firms in the industry will draw customers away from existing firms. c. Existing firms in the industry will face a decrease in demand. d. Firms will continue to earn profit. e. Firms will produce with some excess capacity.