The European Economic Community was created in 1957 by:
a. France, the United Kingdom, Italy, Belgium, the Netherlands, and Luxembourg.
b. France, West Germany, Italy, Belgium, the Netherlands, and Luxemburg.
c. France, West Germany, Italy, Belgium, the Netherlands, and the United Kingdom.
d. France, West Germany, Italy, the United Kingdom, Belgium, the Netherlands, and Luxembourg.
e. France, West Germany, Italy, Belgium, the United Kingdom, and Luxembourg.
b
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In a proportional tax system each individual would pay the same percentage of his or her income in taxes
a. True b. False Indicate whether the statement is true or false
What causes the labor demand curve to shift? (i) changes in productivity (ii) changes in wages (iii) changes in output prices
a. (i) and (ii) b. (ii) and (iii) c. (i) and (iii) d. All of the above are correct.
If the supply of loanable funds shifts right, then the equilibrium
a. levels of net capital outflow and domestic investment decrease. b. level of net capital outflow increases and the equilibrium level of domestic investment decreases. c. level of net capital outflow decreases and the equilibrium level of domestic investment increases. d. levels of net capital outflow and domestic investment increase.
In a full-employment economy, a rise in M will cause inflation unless:
A. V rises in proportion to the increase in M. B. the quantity of goods produced declines proportionately. C. tax reductions accompany the increase in the money supply. D. the velocity of money diminishes.