Which of the Following Statements Is an Example of an Economic

question 87

Multiple Choice

Which of the following statements 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 developed that will allow for miniaturization of many electronic devices.
• D) The European Union declares an increase in tariffs on all agricultural goods.

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Definitions:

Resource-Use Permits

Legal documents granted by authorities that allow individuals or companies to legally use natural resources in specific ways for a designated period.

Pollution Reduction

The process or practice of diminishing the amount of pollutants released into the environment, thereby reducing harm to ecosystems and human health.

Netherlands' Green Plan

A strategic initiative by the Netherlands focusing on sustainable practices and policies to enhance environmental conservation and reduce carbon footprints.

Precise Recommendations

Detailed and specific suggestions or guidelines intended to achieve an objective or solve a problem.