The World Trade Organization (WTO) does not permit any deviation from the most favored nation (MFN) principle, except for the developing countries.

Using the bathtub analogy to understand what determines the number of unemployed workers, the stock variable is

A) the number of workers finding jobs. B) the number of workers separating from their jobs. C) the number of unemployed workers. D) the number of jobs created or destroyed.

The optimal collective decision rule _____

a. will be 100 percent if collective decision-making costs are high b. will be simple majority rule if external costs are extremely large c. has declining external costs as voting rule moves from unanimity d. is likely to be less than majority rule