Author Question: The abbreviation GATT stands for: a. General Analysis of Taxes and Transfers. b. General Agreement ... (Read 66 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
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

  • Sr. Member
  • ****
  • Posts: 292
Answer to Question 1

b

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library