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If the slope of the per-worker production function is 1/2 in a given range, how will a $10,000 increase in capital per hour worked affect real GDP per hour worked in the same given range?
Doctrine of Preemptive War
A theory that suggests a state can launch a war in anticipation of immediate aggression from another state.
WTO's Dispute Settlement Board
An entity within the World Trade Organization that deals with disputes between member countries regarding the interpretation and application of the WTO agreements.
Uruguay Round Agreements
A series of international trade agreements concluded in 1994, which established the World Trade Organization and aimed to reduce trade barriers worldwide.
World Trade Organization
An international organization that regulates international trade.
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