EC

Which indicator: total value of all final goods and services produced within a country's borders within a given period of time.

• Gross Domestic Product (GDP)

• Unemployment

• Consumer Price Index/Inflation

• Fiscal and Monetary Policy

the amount of money a bank must keep and not invest or loan out

• discount amount

• prime requirement

• actual amount

• reserve requirement

Which of the following fiscal policy tools would decrease the national debt?

• increase income taxes

• decrease income taxes

• increase money supply

• decrease money supply

What is national debt?

• The cumulative amount of budget deficits over the years

• The amount of money needed to cover mandatory federal programs.

• The amount of money citizens are required to pay in taxes each year.

• The financial gap between mandatory and discretionary funding.

What does EC stand for in the context of the European Union?

• European Commission

• Economic Community

• European Council

• European Central

Which of the following is a primary function of the European Commission (EC)?

• Legislating laws

• Implementing decisions

• Judging legal disputes

• Conducting elections

In which year was the European Commission (EC) established?

• 1958

• 1967

• 1973

• 1986

Who is the head of the European Commission (EC)?

• President of the European Council

• President of the European Commission

• Chancellor of Germany

• Prime Minister of the UK

Which treaty led to the creation of the European Commission (EC)?

• Treaty of Rome

• Maastricht Treaty

• Lisbon Treaty

• Treaty of Paris

How many members are there in the European Commission (EC)?

• 27

• 30

• 25

• 20