How many broad categories are used by economists to define the GDP?
A) 3 B) 4 C) 6 D) 8
B
Economics
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The Maastricht Treaty of 1991 provided for all of the following, EXCEPT:
A) an enlargement process to include more European nations. B) a ban on nations opting out of a currency union. C) a rename of the EC to the European Union. D) a notion of EU "citizenship."
Economics
If a 3 percent increase in the price of tennis shoes leads to a 7 percent increase in the number of tennis shoes supplied
A) the elasticity of supply equals 0.43. B) the elasticity of supply equals 2.33. C) income elasticity equals 2.33. D) supply is inelastic.
Economics