According to economists, which of the following is NOT a factor of production?

According to Ricardian Equivalence, a tax cut will not have a material impact on consumption spending since ________

A) households will simply save the monies received from the tax cut B) the value of the tax multiplier is one C) a tax cut must lead to an increase in prices, which leaves the real value of consumption unchanged D) a decrease in taxes will be balanced, under current federal law, by a government spending increase

Which of the following is NOT a key economic feature of the European Union (EU)?

A. London's dominance as Europe's financial center B. A single market that promotes free movements of goods, services, financial capital, and people among EU member countries C. A customs union, which imposes common tariffs on imports from non-EU D. A common currency, the euro, used by all member countries