Which economist published the 1838 book Recherches sur les principes mathématiques de la théorie des richesses?
Answer
Antoine Augustin Cournot
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Which economist published the 1838 book Recherches sur les principes mathématiques de la théorie des richesses?
Answer
Antoine Augustin Cournot
In economics, what market effect occurs when a binding price floor leaves sellers with more output than buyers want?
Answer
Surplus
In the 2020 oil market, what happened to the May West Texas Intermediate futures price on April 20?
Answer
It fell below zero
According to the tax-incidence rule in economics, which side of a market bears more of a tax?
Answer
The less elastic side
In economics, what is the term for a legally imposed maximum price that sellers may charge?
Answer
Price ceiling
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In the 2020 oil market, what happened to the May West Texas Intermediate futures price on April 20?
Answer
It fell below zero
According to the tax-incidence rule in economics, which side of a market bears more of a tax?
Answer
The less elastic side
In Alfred Marshall’s 1890 book Principles of Economics, what diagram became the standard visual model of a market?
Answer
Supply-and-demand diagram
Which WTO body serves as the forum for members’ dispute-settlement decisions?
Answer
Dispute Settlement Body
Which WTO agreement eliminated tariffs on many information-technology products?
Answer
Information Technology Agreement
Which organization administers the International Commercial Terms known as Incoterms?
Answer
International Chamber of Commerce