If a violation of international law is found by the WTO Dispute Settlement Body, the offending state
a. can simply ignore the ruling and leave the other party with no options.
b. will be removed from its membership.
c. must accept any penalty given it.
d. can change its practice or can offer compensation.
d. can change its practice or can offer compensation.
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The price of a gallon of gasoline was $2.01 in May 2004 compared to 39 cents in 1973 . However, the Consumer Price Index was 44.4 in 1973 compared to 189.1 in May 2004 (1980 - 1984 = 100). In terms of the purchasing power of the dollar in 2004, the 1973 price of gasoline was
a. $0.39. b. $0.44. c. $1.66. d. $2.15.
Gertrude Stork's Chocolate Shoppe normally employs 4 workers. When the Chocolate Shoppe hired a 5th worker, the Shoppe's total output decreased. Therefore
A) the marginal product of the 5th worker is negative. B) the total output of Gertrude Stork's Chocolate Shoppe is negative. C) the average product of the 5th worker is negative. D) the 5th worker should be hired only if he is willing to accept a wage lower than the wage paid to the other 4 workers.