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jouranngreen108 jouranngreen108
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6 years ago
In autarky equilibrium,
 
  A) production equals consumption.
  B) exports equal imports.
  C) there is no international trade.
  D) All of the above.


Question 2 - Which round of GATT led to the formation of the WTO?
 
  What will be an ideal response?


Question 3 - Refer to the diagram above, which represents a country's supply and demand for an internationally traded good. If PW is the world price, and a foreign country engages in dumping by selling at P2, total domestic production will ________ to ________.
 
  A) increase; Q2
  B) decrease; zero
  C) increase; Q5
  D) increase; Q3


Question 4 - In autarky, when a community maximizes its standard of living, its consumption point is
 
  A) below the production possibility frontier.
  B) on the production possibility frontier.
  C) above the production possibility frontier.
  D) can't tell without more information.


Question 5 - Which of the following does not occur in resolving a debt crisis?
 
  A) Debts are restructured
  B) Repayment periods are shortened
  C) Interest rates are reduced
  D) Some partial debt forgiveness
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kirandkkirandk
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6 years ago
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#2
6 years ago
Easily the best answer Grinning Face with Smiling Eyes
wrote...
#3
6 years ago
If so, mark it solved Smiling Face with Glasses
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