Which of the following is NOT an example of a regional trade bloc?
A) the North American Free Trade Agreement
B) the European Union
C) the Asian-Pacific Trade Agreement
D) Mercosur
Answer: C
Economics
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Which of the following is not a possible source of instability in velocity in the Monetarist model?
a. financial innovation. b. changes in monetary policy c. changes in interest rates d. credit cards.
Economics
Markets fail to allocate resources efficiently when
a. demanders and suppliers cannot agree on a price. b. goods are rival in consumption and excludable. c. property rights are not well established. d. too many buyers and sellers exist in the same market.
Economics