The international organization that serves as a forum for trade discussions and the development of trade rules is called
A) the WTO.
B) the World Bank.
C) the IMF.
D) the United Nations.
A
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In the production possibilities frontier depicted in the figure above, which of the following combinations of hats and bananas is unattainable?
A) 4 million pounds of bananas and 4 million hats B) 2 million pounds of bananas and 5 million hats C) 0 pounds of bananas and 6 million hats D) 1 million pounds of bananas and 3 million hats
A decrease in labor productivity and the real wage could be caused by
A) a decrease in demand for labor or an increase in the supply of labor. B) a decrease in the demand for labor or a decrease in the supply of labor. C) an increase in the demand for or supply of labor. D) an increase in the demand for labor or a decrease in the supply of labor.