The impetus to form an administrative body in Europe after World War II to distribute Marshall Plan aid and coordinate trade and other common issues resulted in three organizations:
A) the WTO, the GATT, and the IMF.
B) the European Payments Union, the UN, and the early roots of the European Union.
C) the European Payments Union, the European Coal and Steel Community, and Euratom.
D) the Eastern bloc, the Warsaw Pact, and NATO.
Ans: C) the European Payments Union, the European Coal and Steel Community, and Euratom.
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The marginal income tax rate applies to
A) all income earned by a family. B) the income in the highest tax bracket reached. C) the income of the highest income U.S. taxpayers. D) the income received by people above the national average.
Advertising by monopolistically competitive firms can do all of the following EXCEPT
A) lower the consumer's purchase price. B) help differentiate a firm's product. C) act as a signal to consumers that the company is serious about staying in business. D) result in increased profits for the advertising firm.