Voluntary free trade results in:
a. population growth.
b. inflation.
c. higher living standards.
d. income disparity.
e. unemployment.
c
Economics
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If you are told that in a given year the real growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then nominal growth rate of GDP per capita is:
A. 3.8%. B. 5.0 %. C. 5.8%. D. 7.0 %.
Economics
The consumption function has a positive slope while the savings function has a negative slope
a. True b. False Indicate whether the statement is true or false
Economics
Define horizontal equity and briefly describe some features of the U.S. federal income tax system that may interfere with achieving it
Economics
The earliest beginning of the European Union was the:
A) Maastricht Treaty. B) Treaty of Rome. C) Paris Accord. D) Louvre Accord.
Economics