The central bank of the European Union is called the
A) Federal Reserve. B) European Central Bank.
C) Banco Europe. D) Bundesbank.
B
You might also like to view...
Economics studies the logic of choices made from among available possibilities
a. True b. False Indicate whether the statement is true or false
Production of a catheter in the U.S. requires either one skilled worker-day or two unskilled worker-days, while production of the same device in Guatemala, because of its relative lack of transportation and communications infrastructure, requires either three skilled worker-days or four unskilled worker-days. Production of a hammock in the U.S. requires one-fourth skilled worker-day or one-third unskilled worker-day, while production of a hammock in Guatemala requires one-third skilled worker-day or one unskilled worker day. If one hundred unskilled worker-days are moved from producing hammocks to producing catheters in the U.S., while one hundred twenty skilled worker-days are moved from producing catheters to producing hammocks in Guatemala, combined production of the two goods in the
two countries will change by A. no net change in production of the two goods would occur. B. five additional catheters and thirty fewer hammocks. C. thirty additional catheters and five additional hammocks. D. ten additional catheters and sixty additional hammocks.
The market supply curve is a statement of actual sales by suppliers.
Answer the following statement true (T) or false (F)
Refer to the graph shown. If the price of this product fell from $5.00 to $2.50 (because of a price ceiling or a shift in demand), producer surplus would fall from:
A. 2,000 to 500. B. 500 to 250. C. 1,000 to 500. D. 1,000 to 250.