The phase in the business cycle in which real GDP begins to decline is called a
a. trend
b. peak
c. downturn
d. recovery
e. trough
C
Economics
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How do capital markets fit the general tendency toward ‘globalization'?
What will be an ideal response?
Economics
______ is achieved when depreciation is subtracted from gross national product.
a. Personal income b. National income c. Net national product d. National domestic product
Economics
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.
Economics
“Free trade benefits one country at another country’s expense.” Evaluate this statement using economic analysis.
What will be an ideal response?
Economics