Which of the following best describes the Law of Demand?

A. There is no relationship between price and demand of a good.

B. As supply of a good increases, the demand for the good increases.

C. As the price of a good increases, the demand for that good increases.

D. As the price of a good increases, the demand for that good decreases. As an economic indicator, Visitor Exports is defined as:

A. The number of foreign visitors entering the country.

B. The amount of spending made by residents traveling abroad.

C. The amount of spending made by foreign visitors within a country.

D. The number of residents traveling abroad. Which of the following is NOT a characteristic of the Recovery period of the economic cycle:

A. Interest rates are low.

B. Production increases.

C. Unemployment rate falls.

D. Demand decreases. Gross Domestic Product can best be described as:

A. The monetary value of all finished products exported to foreign countries.

B. The monetary value of all finished products produced within a country.

C. The number of all products produced within a country.

D. The number of all products exported to foreign countries.