Sustained downward movements in the business cycle are referred to as

A) inflation.
B) recessions.
C) economic recoveries.
D) expansions.

B

Economics

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A graph of the value of one variable against the value of another variable is known as a

A) two-dimensional graph. B) three-dimensional graph. C) time-series graph. D) scatter diagram. E) two-variable graph.

Economics

According to the World Bank, Albania does one of the worst jobs as a country enforcing the rule of law. The consequence of a weak rule of law is

A) strong property rights enforcement leading to greater investment. B) more risk taking on the part of entrepreneurs and greater economic investment. C) a decrease in cash transactions and increased efficiency. D) difficulty in attracting investment and low economic growth.

Economics