The fair trade movement:
A. attempts to inform and influence consumers' choices.
B. is designed to stop unfair trade practices.
C. is a set of laws around production processes in other nations.
D. a big hindrance to international trade.
Answer: A
Economics
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Which of the following is an exogenous variable in the Three-Sector-Model?
a. Oil prices b. GDP price index c. Real risk-free interest rate d. Quantity of currency per time period e. Real GDP
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Assume you have $1,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level is equal to 115 at the end of the year, the real value of your savings is closest to
A. $1,115. B. $885. C. $1,150. D. $870.
Economics