The Business Cycle has three main parts, which of these is not one of them?
a. Expansion
b. Recession
c. Inflation
d. Recovery
C
Economics
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An American retailer purchased 500 pairs of shoes from a company in Thailand in the second quarter of 2016 but does not sell them to a consumer until the third quarter of 2016 . Which of the following components of U.S. GDP is affected by this transaction in the third quarter of 2016?
a. consumption, investment and imports b. only consumption and investment c. only consumption and imports d. only investment and imports
Economics
Who is likely to be in favor of a country that would be a net-importer if it moved from autarky to free trade?
A. Domestic producers B. Domestic consumers C. Foreign consumers D. Foreign governments.
Economics