Egc1 Microeconomics
EGC1 Flash Cards
Study online at quizlet.com/_etuek
1.
2.
3.
4.
5.
6.
7.
Although new trading and investment patterns are emerging, with which type of nations do underdeveloped nations typically trade?
Nations in which a poor business climate can be taken advantage of
Assume that a country's tax revenues have increased due to economic prosperity and the government has increased spending. How will these changes in government spending affect the country's gross domestic product
(GDP), ceteris paribus?
GDP rises because the government spends more.
Assume that interest rates have fallen significantly. How does this change affect a country's gross domestic product
(GDP), ceteris paribus?
firms invest in stocks but never capital
goods,
Study online at quizlet.com/_etuek
1.
2.
3.
4.
5.
6.
7.
Although new trading and investment patterns are emerging, with which type of nations do underdeveloped nations typically trade?
Nations in which a poor business climate can be taken advantage of
Assume that a country's tax revenues have increased due to economic prosperity and the government has increased spending. How will these changes in government spending affect the country's gross domestic product
(GDP), ceteris paribus?
GDP rises because the government spends more.
Assume that interest rates have fallen significantly. How does this change affect a country's gross domestic product
(GDP), ceteris paribus?
firms invest in stocks but never capital
goods,