The primary legislative branch of the European Union is called the
A) European Commission.
B) European Parliament.
C) European Council of Ministers.
D) Council of the European Union.
D
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The amount of frictional unemployment depends on
A) the phase of the business cycle. B) the time of the year. C) international competition. D) demographic factors and unemployment benefits. E) Both answers A and B are correct.
A network externality refers to a situation in which the usefulness of a product decreases with the number of consumers who use it
Indicate whether the statement is true or false
"Natural" real GDP is defined as the total output
A) at business cycle peaks. B) at business cycle troughs. C) that causes an inflation rate of zero. D) that causes the inflation rate to remain constant. E) produced when all of our resources are being used to their maximum capacity.
An individual in the US wants to buy a car from England which costs 12,00 . pounds. If the exchange rate is $1.75/pound, how much will it cost him in dollar terms?
a. $21,000 b. $6,800 c. $12,000 d. Need more information