An arrangement in which a group of countries give each other preferential trade terms is
a. Generalized System of Preferences
b. customs union
c. foreign trade zone
d. General Agreement on Tariffs and Trade
e. all of the above
B
Economics
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At full employment, actual ________ equals ________
A) real GDP; potential GDP B) real GDP; nominal GDP C) unemployment; zero D) potential GDP; nominal GDP E) nominal GDP; potential GDP
Economics
If an increase in crime causes households to spend money on police and security systems, GDP will rise
Indicate whether the statement is true or false
Economics