The World Trade Organization is the successor to the:
A. General Agreement on Tariffs and Trade (GATT)
B. United Nations Commission on Trade Law (UNCTL)
C. World Customs Organization
D. United Nations Conference on Trade and Development (UNCTAD)
A. General Agreement on Tariffs and Trade (GATT)
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Gross domestic product (GDP) measures the
A) number of final goods and services produced in the economy in a given time period. B) number of final goods and services sold in the economy in a given time period. C) market value of old and new final goods and services sold in the economy in a given time period. D) market value of final goods and services produced in the economy in a given time period.
Figure 17-5
Refer to . With free trade, this country will
a.
import 40 baskets.
b.
import 70 baskets.
c.
export 35 baskets.
d.
export 65 baskets.