1. The EU is an example of a Customs Union.

a. true

b. false

2. The Prisoner's dilemma provides a theoretical justification for the establishment of the GATT/WTO

a. true

b. false

3. The GATT was established in 1995.

a. true

b. false

4. Evidence from US states during the financial crisis suggests that a rise in the unemployment rate tends to cause a fall in well-being.

a. true

b false