Which of the following is the treaty that took the participating countries from a free trade area to a common market?
A) The Treaty of Rome
B) The Maastricht Treaty
C) Single European Act
D) Treaty on European Union
C
You might also like to view...
The Solow residual is
A) the waste from the production process. B) the most common measure of productivity shocks. C) a measure of the efficiency of the production process. D) a measure of the proportion of involuntarily unemployed workers.
In the Cambridge approach, if k is .5, total output is $50 billion, and the money supply is $100 billion, the price level is
A) 0.5. B) 4.0. C) 3.0. D) 10.0.
If a small change in output results in a large change in marginal cost, the marginal cost curve is ________, which makes accurate forecasts ________ valuable.
A) flat; more B) steep; less C) flat; less D) steep; more
In the Fixed Time Effects regression model, you should exclude one of the binary variables for the time periods when an intercept is present in the equation
A) because the first time period must always excluded from your data set. B) because there are already too many coefficients to estimate. C) to avoid perfect multicollinearity. D) to allow for some changes between time periods to take place.