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Author Question: The abbreviation GATT stands for: a. General Analysis of Taxes and Transfers. b. General Agreement ... (Read 43 times)

mpobi80

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on: Jun 30, 2018
The abbreviation GATT stands for:
 a. General Analysis of Taxes and Transfers.
  b. General Agreement on Tariffs and Trade.
  c. Government Agency for Trade and Transportation.
  d. Government Agency for Treaties and Taxes.
  e. General Agreement on Terms of Trade.

Question 2

The difference between the price the seller receives for a good or service and the minimum price he would be willing to accept for that unit is called:
 a. the total gains from trading that unit.
  b. the gain in producer surplus.
 c. the gain in consumer surplus.
 d. the total surplus.


patma1981

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


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