A stock market boom which causes stock prices to rise should cause
A) a decrease in consumption spending. B) a decrease in wealth.
C) an increase in consumption spending. D) a decrease in net export spending.
C
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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 limitation one faces when shopping for clothes is the amount of time available to shop
a. True b. False Indicate whether the statement is true or false
As a percentage of GDP, non-military government purchases have remained very low and stable
a. True b. False
A quota is
a. a tax on exported items. b. a tax on imported items. c. a limit on the amount of imports. d. a subsidy to export.