The three major responsibilities of the ________ are legislative power, control over the budget, and supervision of executive decisions.
A) European Commission
B) European Council
C) European Parliament
D) European Court of Justice
C) European Parliament
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What are the defining features of Keynesian macroeconomics and what policies do Keynesian macroeconomists recommend?
What will be an ideal response?
If the demand is perfectly elastic, what would happen to the quantity demanded if there is a tiny increase in price?
a. quantity demanded will increase proportionately b. quantity demanded will fall to zero c. quantity demanded will register a disproportionately high increase d. quantity demanded will decrease proportionately
The elasticity of a straight-line demand curve is the same as its slope
a. True b. False Indicate whether the statement is true or false
Protectionism is the view that free trade is ________ and should be ________.
A. inevitable; allowed B. harmful; restricted C. helpful; encouraged D. illegal; forbidden