Based on the figure above, in which quarter or quarters did a trough occur?
A) between 2013, 2nd quarter to 2014, 2nd quarter
B) between 2012, 2nd quarter to 2013, 2nd quarter and also between 2014, 2nd quarter to the end of the figure
C) in 2013, 2nd quarter
D) in 2014, 2nd quarter
E) There are no troughs illustrated in the figure.
D
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Unlike the GATT system, in the WTO dispute settlement process, the findings of the panel
a. are only recommendations that are not legally enforceable. b. can be overturned only by a unanimous vote. c. can be rejected by the accused party. d. can be vetoed by a single vote.
Suppose Elizabeth Gardner quit her job as a piano teacher to go into business making appetizers. Which of the following is an implicit cost for her business?
a. cost of rent b. cost of her own labor c. cost of hiring workers d. cost of insurance e. cost of raw materials