The organization that settles trade disputes between countries is the

A) World Bank.
B) World Trade Organization.
C) International Monetary Fund.
D) United Nations.

Answer: B

Economics

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If it costs Vijay $150 to design 5 Web sites and $175 to design 6 Web sites, then $175 is the marginal cost of producing the 6th Web site

Indicate whether the statement is true or false

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If a 6% decrease in price for a good results in a 2% increase in quantity demanded, the price elasticity of demand is

a. 0.02. b. 0.33. c. 3. d. 4.

Economics