What are the two largest expenditure categories in the EU budget?
What will be an ideal response?
Agricultural support; cohesion funds
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In the above table, the employment-to-population ratio is
A) 51 percent. B) 42 percent. C) 62 percent. D) 44 percent.
The tax multiplier is smaller in absolute value than the government purchases multiplier because some portion of the
A) decrease in taxes will be saved by households and not spent, and some portion will be spent on imported goods. B) increase in government purchases will be saved by households and not spent, and some portion will be spent on imported goods. C) decrease in taxes will be saved by households and not spent, and some portion will be spent on consumer durable goods. D) increase in government purchases will be saved by households and not spent, and some portion will be spent on consumer durable goods.
If two nations are equally armed it is highly likely that neither will initiate a conflict
a. True b. False
The market demand curve
a. is the sum of all individual demand curves. b. is the demand curve for every product in an industry. c. shows the average quantity demanded by individual demanders at each price. d. is always flatter than an individual demand curve.