A most favored nation clause in a trade agreement among nations means that
a. only one nation will receive the lowest tariff
b. tariffs are prohibited
c. tariffs can only be applied to member countries
d. any tariff reduction given to any member of the group applies to every member
e. the nations will not trade with other nations except in emergency
D
Economics
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Slaves were
(a) unprofitable substitutes for wage labor on plantations. (b) profitable complements to capital equipment. (c) denied the use of shovels, hoes and axes. (d) all of the above.
Economics
If the unemployment rate has reached an all-time high, the production of output is probably
a. high b. low c. stable d. fluctuating e. equal to its potential
Economics