The Organization of Economic Cooperation and Development (OECD)is

question 11

Multiple Choice

The Organization of Economic Cooperation and Development (OECD) is:

• A) comprised of nations form North America, Europe, and Asia-Pacific.
• B) a subsidiary of the European Union.
• C) comprised of nations who entered into the North American Free Trade Agreement.
• D) comprised of states inside the U.S.

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Definitions:

Tax Rate

The amount of tax people are required to pay per unit of whatever is being taxed.

Excise Tax

A tax levied on specific goods, services, or transactions, such as tobacco, alcohol, and fuel, usually to discourage consumption or raise government revenue.

Supply Curve

A graphical representation of the supply schedule, showing the relationship between quantity supplied and price.

Demand Curve

A graphical representation of the demand schedule, showing the relationship between quantity demanded and price.