The principal objective of WTO is to:
a. encourage countries to establish quotas.
b. establish fair prices for all goods traded internationally.
c. reduce the level of all tariffs.
d. prevent the trading of services across nations' borders.
c
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Full employment occurs
A) only if the unemployment rate is zero. B) only if the unemployment rate is equal to the natural unemployment rate. C) only if unemployment is equal to structural unemployment plus cyclical unemployment. D) None of the above answers are correct.
In the absence of a Ricardo-Barro effect, a government budget deficit ________ the demand for loanable funds, ________ the real interest rate, and ________ investment
A) increases; increases; crowds out B) increases; decreases; increases C) decreases; increases; increases D) decreases; increases; crowds out