Which statement is an example of an economic trend?
A)The South African Reserve Bank announces that it will decrease the interest rate charged to banks.
B)Government passes legislation that increases the tax rate on companies.
C)A new computer chip is announced which will allow for miniaturisation of many electronic devices.
D)The EU declares an increase in tariffs on all agricultural goods.

Question

Quizplus · Accepted Answer

An economic trend refers to a pattern or direction of change in the economy. The announcement of a decrease in interest rates by the South African Reserve Bank indicates a trend towards lower borrowing costs for banks and may also indicate a trend towards greater economic activity.

Which Statement Is an Example of an Economic Trend