One goal of the European Common Market was to
a. abolish tariffs and import quotas among the member nations.
b. abolish tariffs and import quotas between the member nations and the rest of the world.
c. discourage the free movement of capital and labor among member nations.
d. replace the North Atlantic Treaty Organization (NATO).
a. abolish tariffs and import quotas among the member nations.
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When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
What are the major factors that a TNC should weigh in deciding to invest in a developing country?
What will be an ideal response?
Many low-income countries are unable to provide a fertile climate for domestic economic growth and to attract foreign investment because
a. they lack sufficient natural resources. b. their populations are self-sufficient. c. they lack economic and legal stability. d. they are located in difficult to access regions.
Julia prepares tax returns and does bookkeeping. Last year her revenues from the tax and bookkeeping business were $150,000 . and her expenses for the business were $15,000 . When she started her tax and bookkeeping business, Julia gave up her supplemental job doing in-home pet sitting. She used to earn $10,000 per year from pet sitting. Assume that she incurred no costs for her pet sitting
business. Julia's accounting profits are a. $160,000. b. $150,000. c. $135,000. d. $125,000.