In practice, under the EMS, a member country
A) could never change its interest rate.
B) could change its interest rate only if other countries changed theirs as well.
C) must apply to a special European Commission in order to change its interest rate.
D) had complete freedom in choosing the interest rate it wanted.
E) had complete freedom in choosing its interest rate only if it is a very small country.
B
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Since 1970, the distribution of income in the United States
A) generally has become more equal. B) generally has become less equal. C) has become more equal than the distribution of wealth. D) has shown no discernible trend.
The head tax is regressive
a. True b. False Indicate whether the statement is true or false
Which of the following is a possible outcome of austerity policies?
A. Decrease in economic activity B. Increase in employment opportunities C. Decrease in budget deficits D. Increase in tax revenues
When you pay $8 for salad you ordered for lunch, you are using money as a(n)
A. store of value. B. unit of account. C. investment good. D. medium of exchange.