Which of the following is FALSE about issues/negotiations in the Doha Development agenda?
A) It is intended to deal with economic development issues and trade barriers facing developing countries that were not adequately addressed in the Uruguay Round.
B) Many developing countries are upset with the levels of tariffs and other barriers that industrialized countries use to protect agriculture, clothing and textiles.
C) Industrialized countries want developing countries to reduce their tariffs, which on average are higher than the rates of richer countries.
D) Developing countries don't use tariffs, and they want higher income countries to follow their model.
D
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When a unit tax is placed on a supplier they are generally able to shift a portion of the burden to demanders by raising the prices paid by demanders
a. True b. False
In the simple circular flow model, total income in one nation must equal
A. the sum of wages, rents, interest and profits. B. the yearly amount earned by that nation's resources. C. the total monetary value of all final goods and services. D. All of these are correct.