The most important feature of the Single European Act of 1986, which amended the founding Treaty of Rome, was dropping the requirement of
A) unanimous consent for measures related to market completion and making it a decision that only Germany and France agreed about.
B) unanimous consent for measures related to market completion.
C) majority consent for measures related to market completion and making it a decision that only Germany and France agreed about.
D) unanimous consent for measures related to agricultural policies only.
E) unanimous consent for measures related only to fiscal policies.
B
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One criticism of the corporate income tax is that
A) it is too regressive. B) it is too flat. C) it is so complex to administer that corporate income taxes are rarely collected by the Internal Revenue Service. D) a portion of the corporations' tax burden is passed on to consumers via higher prices for goods and services and to workers via lower wages.
Which of the following causes excess demand?
A. The market price is below the equilibrium price. B. The demand curve shifts to the left. C. The quantity supplied is greater than the demand. D. The market price is above the equilibrium price.
How does this graph show that ES ? 1?
a. P1 to Q2 is greater than P2 to Q1
b. P1 to Q2 is less than P2 to Q1
c. Q1 to Q2 is greater than P1 to P2
d. Q1 to Q2 is less than P1 to P2
Each of the following is an example of an economic resource except
A. land. B. money. C. capital. D. labor.