Suppose Jack's salary increased from $100,000 to $200,000 per year between 2004 and 2014 and the price index increased from 100 to 300 during the same period. Which of the following statements best describes Jack's situation?
a. His real income and money income have both increased
b. His real income has increased and money income has decreased.
c. His real income and money income have both decreased.
d. His real income has decreased and money income has increased.
e. His real income has remained unchanged.
d
Economics
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Which of the following are regulations that nations in regional trade blocs establish to delineate product categories eligible for trading preferences?
A) trade quotas B) trade tariffs C) rules of law D) rules of origin
Economics
Net exports
a. are equal to total exports minus total imports b. are always positive because total imports exceed total exports c. are always negative because total exports exceed total imports d. always exceed total exports e. include goods produced and sold abroad
Economics