The European Union membership criteria includes all of the following EXCEPT
A) the country must participate in free trade with all of its goods and services.
B) the country must follow market-based economics.
C) the country must formally adopt the EU-wide rules such as technical standards, environmental inspections, banking supervision, etc.
D) the country must be a stable functioning democracy.
A
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Which of the following markets is continuously in operation and not set in a single venue or restricted to certain dates or times?
a. The U.S natural gas industry b. The San Francisco Wholesale Produce Market c. The U.S. real estate market d. An art exhibition
During the Great Depression in the 1930s unemployment was so bad that nearly _____ of the labor force was unemployed.
A. 1/2 B. 1/5 C. 1/4 D. 1/3
Figure 9.1 shows three aggregate demand curves. A movement from curve AD1 to curve AD0 could be caused by a(n)
A) increase in government spending. B) decrease in taxes. C) increase in the price level. D) decrease in the money supply.
Consumer sovereignty is the view that consumers have the right to choose ________ and the government should not interfere with these choices
A) which goods should be subsidized B) which goods they will consume C) the price that they will pay for a good D) which goods should be taxed