The European Common Market was renamed the ______________________.
Fill in the blank(s) with the appropriate word(s).
European Union
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Assume a consumption function of the following form: C = 500 + .9Y. If income rises by $100, consumption will increase by
A) $90. B) $550. C) $590. D) $600.
Franklin D. Roosevelt's nationwide "Bank Holiday" in March 1933 merely finished the job started by the governors of the states, who were already closing down the banking systems
Indicate whether the statement is true or false
Which of the following observations is not true?
A. Demand curve of the perfectly competitive firm is perfectly elastic. B. There is only one price for a product in a perfectly competitive market. C. A firm in a perfectly competitive market can sell as much as it wants at market price. D. Demand curve of the perfectly competitive industry is perfectly elastic.
A person in the civilian labor force falls into one of two categories:
A) a person who works in a service industry or a person who works in a manufacturing industry. B) unemployed or employed. C) disemployed or unemployed. D) a self-employed worker or a non-self-employed worker.