Twenty-nine countries in Europe have formed the European Union (EU). After the EU was formed it
A) eliminated all tariffs among its member countries.
B) completed a trade treaty (NAFTA) that reduced tariff rates between the EU and North American countries.
C) barred imports of 747 jumbo jets by its member countries; all EU countries must now buy jets from Airbus, a European company.
D) greatly decreased imports and exports among its member countries.
A
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The basic idea behind a negative income tax is to
a. help local government agencies deliver more services to the poor. b. increase the in-kind income of the poor. c. help the poor get job skills. d. help the poor without destroying incentives to work.
In Mexico, many garment or tailoring shops found they could entice many young people to work for them if they offered clean, air-conditioned work areas with high-quality locker rooms to clean up in after the workday. Typically, traditional garment shops had to offer ________ to get workers to apply for the hard, repetitive, and somewhat dangerous work.
A. compensating differentials B. benchmark competitive wages C. monopoly wages D. wages based on human capital development of each employee
In the aggregate expenditures model, an increase in government spending causes a(n):
A. upward shift in the aggregate expenditures curve. B. downward shift in the aggregate expenditures curve. C. leftward movement along the aggregate expenditures curve. D. rightward movement along the aggregate expenditures curve.
Recall the Application about the supply of shipping services to answer the following question(s).Recall the Application. The reason why the short-run supply curve for cargo is upward sloping is that its:
A. marginal cost is upward sloping. B. market demand curve is upward sloping. C. average fixed cost is upward sloping. D. All of these are correct.