1. Which could consider be automatic stabilizer fiscal policy?
A. Unemployment benefits
B. Defense related spending
C. National parks related spending
D.None is correct.
2. The difference between the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) is the fact that the former compared to the latter went beyond tariff reductions to liberalize various nontariff trade barriers.
True
False
3. One of the main reasons why developing countries didn’t succeed in creating cartel is due to the refusal of global consumers to buy products that originate from developing countries.
True
False