In the global recession of 2007-2009, world trade declined because nations closed their markets to trading partners

After implementation of the Single European Act, value added taxes in the EU were

A) completely harmonized. B) unchanged. C) partially harmonized with minimum and maximum permissible values set by the EU. D) eliminated except on a few items in each country. E) cut in half in order to increase the role of corporate taxes.

When the price of gasoline increases substantially, many consumers will

a. turn to fuel saving alternatives like hybrid vehicles. b. drive less. c. take public transportation. d. all of the above are true.