If economic costs outweigh benefits from joining a currency union, a nation may still choose to join because of:
A) political pressure from the large nations.
B) large political benefits.
C) the fear of floating.
D) the ability to limit imports.
Ans: B) large political benefits.
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A variable is a factor that:
A) cannot be measured. B) is not affected by changes in other factors. C) is independent and cannot be determined. D) takes different values at different points of time.
A shift outward of the aggregate supply curve could be caused by
a. higher import prices. b. lower import prices. c. energy shortages. d. rising wage rates.
The main proponent of the liberal view of poverty is
A. Charles Murray. B. William Julius Wilson. C. Nicholas Lemann. D. David Rogers.
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.