Today the primary organization that countries use to negotiate trade issues is
a. the World Trade Organization.
b. the General Agreement on Tariffs and Trade.
c. the United Nations.
d. the European Union.
a. the World Trade Organization.
Economics
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Which one of the following techniques is an example of the replacement cost method of economic valuation?
a. Contingent valuation b. Hedonic pricing c. Travel cost method d. Habitat equivalency analysis e. Cost-effectiveness valuation
Economics
Assume apples and oranges are substitutes. Suppose apple growers launch a successful advertising campaign that convinces consumers apples are a better product. As a result the cross-price elasticity of apples and oranges will become
A. More negative. B. Less positive (move closer to zero). C. More positive. D. Less negative (move closer to zero).
Economics