According to the text, approximately how many countries are members of the WTO?

A) 100
B) 135
C) 160
D) 180

Answer: C

Economics

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The reason why the differences in the growth stories of North Korea and South Korea can be viewed approximately as a natural experiment or an experiment of history is that:

A) institutions in both countries was changing radically, while geography and culture remained largely unchanged. B) culture in both countries was changing radically, while geography and institutions remained largely unchanged. C) geography in both countries was changing radically, while culture and institutions remained largely unchanged. D) institutions, geography, and culture in both countries were changing radically.

Economics

Suppose we were analyzing the Turkish lira per euro foreign exchange market. If The Euro-Area's interest rate falls relative to Turkey and nothing else changes, then the:

a. The supply of euros in the foreign exchange market falls, and the demand for euros in the foreign exchange market falls, causing an uncertain change in the value of the euro. b. The supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market falls, causing an appreciation of the euro. c. The supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market rises, causing an uncertain change in the value of the euro. d. The supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market falls, causing a depreciation of the euro. e. Neither supply nor demand in the foreign exchange market change because relative international prices influence trade flows and not the exchange rate.

Economics