The European Economic Community was set up to ________.
A. establish a single currency throughout its member nations.
B. establish strict trade barriers prohibiting outside trade by its member nations.
C. establish a powerful government to govern all its member nations.
D. establish travel and trade rules throughout its member nations.
Answer: D
You might also like to view...
A public good
a. possesses the characteristic of nonrivalry in consumption b. is one whose benefits cannot be shared c. is provided by the public sector d. has nonexcludable benefits e. both (a) and (d)
Economic growth can be depicted as
A) an outward shift on the production possibilities curve. B) a movement up on the production possibilities curve. C) a movement down on the production possibilities curve. D) an inward shift on the production possibilities curve.
If Ann's utility function is U = W0.5, and she invests in a business which can yield $6,400 with probability 1/5, and $3600 with probability 4/5, then her expected utility is
A) 80. B) 76. C) 64. D) 60.
A sales tax is an example of:
A. a specific tax. B. an ad valorem tax. C. a lump sum tax. D. an income tax.