The fair trade movement:
A. attempts to inform and influence consumers' choices.
B. is a set of laws around production processes in other nations.
C. is designed to stop unfair trade practices.
D. a big hindrance to international trade.
A. attempts to inform and influence consumers' choices.
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Use the following graph to answer the next question.
Which line in the graph would best illustrate the supply of money curve?
A. Line 4 B. Line 3 C. Line 2 D. Line 1
If interest rates increase, what is most likely to happen to the total expenditure schedule?
a. It will increase because G increases. b. It will decrease because I decreases. c. It will decrease because (X - IM) decreases. d. It will increase because I increases.
Monopolistic competition is characterized by
A. one firm selling several products. B. many firms selling the same product. C. many firms selling slightly different products. D. one firm selling one product.
Wholesome Wheat Bakery buys $10.00 worth of flour from Mikes' Mill and uses the flour to make bread. Wholesome Wheat sells the bread to the public for $22.00 . Taking these two transactions into account, what is the effect on GDP?
a. GDP increases by $10.00 b. GDP increases by $12.00 c. GDP increases by $22.00 d. GDP increases by $32.00