Sustained downward movements in the business cycle are referred to as
A) inflation.
B) recessions.
C) economic recoveries.
D) expansions.
B
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The pattern of colonialization adopted by European countries was:
A) based on communal grounds. B) basically welfare driven. C) basically profit driven. D) pro-natives in all nations.
The relationship between the price of a good and the quantity that a single consumer is willing to buy during a particular time period is shown by the:
A. market supply curve. B. individual supply curve. C. market demand curve. D. individual demand curve.
One example of a microeconomic question is, "How will prices in the clothing industry change if the government bans imports from China?"
Indicate whether the statement is true or false
The most important participants in foreign exchange markets are ________
Fill in the blank(s) with correct word