The free trade zone that includes Argentina, Brazil, Paraguay and Uruguay is known as _______________.
Fill in the blank(s) with the appropriate word(s).
Mercosur
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When the price of broccoli increase relative to cauliflower, people who buy fresh vegetables respond by buying more cauliflower and fewer broccoli. As a result, the CPI has
A) a quality change bias. B) a new price bias. C) a commodity substitution bias. D) an outlet substitution bias. E) a new goods bias.
When each firm is liable for taxes on total sales but can claim the taxes already paid by suppliers as a credit against liability we are using the
A. reserve method. B. chain method. C. invoice method. D. VAT method.
The value of the expenditure multiplier depends on the marginal propensity to consume
a. True b. False Indicate whether the statement is true or false
Which of the following is included in National Income?
A) indirect taxes B) consumption of fixed capital C) proprietors' income D) all of the above