About what percent of total world trade is accounted for by countries that belong to the World Trade Organization?

Which of the following is an example of an injection into the circular flow of income and expenditure?

a. Net taxes b. Saving c. Transfer payments d. Government borrowing e. Disposable income

After World War II the average U.S. recession has lasted: a. a few months

b. about half a year. c. a little less than a year. d. about three weeks. e. about two years.