Which Statement Is an Example of an Economic Trend

question 45

Multiple Choice

Which statement is an example of an economic trend?

• A)The Federal Reserve announces that it will decrease the interest rate charged to banks.
• B)Congress passes legislation that increases the tax rate on corporations.
• C)A new computer chip is announced which will allow for miniaturization of many electronic devices.
• D)The E.U.declares an increase in tariffs on all agricultural goods.

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Definitions:

Enforceable Contract

A valid contract that is legally binding and can be upheld and enforced in court if necessary.

Oral Agreement

A contract formed through spoken communication rather than in written form, yet legally binding in many cases.

Delivery Service

A business or system that transports goods or packages from one location to another, ensuring they reach recipients.

Enforceable

Refers to a legal agreement or obligation that can be legally imposed or upheld by a court.