What is the significant feature of a preferential arrangement?
What will be an ideal response?
It is created with unilateral action, as in the U.S. lowers barriers specifically to a nation without asking for reciprocity.
Economics
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A good with a vertical demand curve has a price elasticity of demand that ________
A) is equal to 1 B) is equal to infinite C) is equal to zero D) varies between 0 and 1
Economics
Research on productivity shocks has shown that
A) productivity shocks have only nominal effects. B) there have been no identifiable productivity shocks in the U.S. economy since World War II. C) small productivity shocks can explain large business cycle fluctuations. D) large productivity shocks produce only small deviations in aggregate output.
Economics