The elements of investment spending are ________
A) calculated only in real terms
B) equivalent to their corresponding international transactions
C) consumption, government, exports and imports
D) highly procyclical
D
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Answer the following statements true (T) or false (F)
1. The issue is not so much whether globalization will pressure low-income countries to reduce their environmental standards, but instead whether the threat of blocking international trade can pressure these countries into adopting stronger standards. 2. Environmental protection is vital to two industries of key importance in many low-income countries—agriculture and tourism. 3. Few nations belong to both the World Trade Organization and regional trading agreements. 4. The disruption caused by international trade is fundamentally different from all the other disruptions caused by the other workings of a market economy.
Recall the Application about how the price of CO2 permits in the European Union is determined to answer the following question(s).Recall the Application. Which of the following factors has caused the decline in the price of CO2 allowances in the EU in 2011?
A. Industrial output increased. B. The number of renewable energy sources increased. C. The number of energy efficient appliances increased. D. All of these are correct.