The Single European Act

A) created a common currency.
B) created a free trade area.
C) created a customs union.
D) created a common market for capital and labor.

D

Economics

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Assume that a hurricane in Brazil destroys half of the coffee crop. Considering that Brazil is a major coffee producing country, consumers expect the price of coffee to increase in the near future. How does this reflect on the demand for coffee?

a. There is a movement upward along the demand curve for coffee. b. The demand curve for coffee shifts inward. c. The demand curve for coffee shifts outward. d. There is a movement downward along the demand curve for coffee. e. The demand for coffee declines.

Economics

The failure of majority rule to produce transitive preferences for society is called the

Economics