The Maastricht Treaty eliminated passport controls at borders with the European Union
Indicate whether the statement is true or false
FALSE
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An economy in which output has decreased and prices have increased would suggest that there has been a:
A. positive supply side shock. B. negative supply side shock. C. positive demand side shock. D. negative demand side shock.
Purchases by American tourists in other countries increase GDP for both the country in which the purchase was made and for the U.S., since a U.S. citizen carried out the expenditure
a. True b. False Indicate whether the statement is true or false
A reduction in the minimum wage will tend to cause which of the following?
A) an upward shift in the WS curve B) a downward shift in the WS curve C) an upward shift in the PS curve D) a downward shift in the PS curve E) none of the above
A bond holder is part owner of the firm.
Answer the following statement true (T) or false (F)