The founding document of the European Economic Community, and the document that continues to provide the basis for the European Union is the
A) Treaty of Brussels.
B) Delors Report.
C) Treaty of Rome.
D) Single European Treaty.
E) Maastricht Treaty.
C
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Positive economic analysis
A. involves value judgments. B. concerns what ought to happen. C. addresses factual issues. D. is subjective.
The primary purpose of the AD-AS model is to explain
What will be an ideal response?
The two conflicting tendencies that a firm has in an oligopolistic industry are the incentive to
a. cheat to maximize joint profits and the incentive to raise prices. b. cheat and avoid collusion and the incentive to raise price to maximize the firm's share of profits. c. increase output in order to minimize per-unit costs and the incentive to reduce price in order to maximize joint profit. d. cooperate to maximize joint profits and the incentive to cheat on the agreement in order to increase the firm's share of the profit.
What is a tariff?
a. a tax on foreign goods entering the country for sale b. a tax on domestic products leaving the country for sale c. a tax on items paid by the consumers who purchase them d. a tax attempting to recover some of the costs of production