Controversy over the ECB includes all of the following, EXCEPT:
A) its poor performance in controlling euro inflation.
B) its lack of accountability for its actions.
C) its remoteness from democratic control.
D) the perception that the central bank does not focus on problems related to European economic performance.
Ans: A) its poor performance in controlling euro inflation.
You might also like to view...
Which of the following statements is true?
A) A natural monopoly always arises from government intervention in the market. B) An increase in consumer demand can change a natural monopoly into a multi-seller market. C) A natural monopoly earns higher profits than a monopolistically competitive firm because it faces an upward sloping market demand curve. D) A natural monopoly earns higher profits than a monopolistically competitive firm because it faces a horizontal market demand curve.
An economic slowdown in Europe is likely to lead to a(n):
a. decrease in U.S. exports and U.S. aggregate demand. b. increase in U.S. exports and U.S. aggregate demand. c. decrease in U.S. imports and U.S. aggregate demand. d. increase in U.S. imports and U.S. aggregate demand.
For a given supply curve, the more inelastic the demand for a good,
a. the more of an excise tax that is paid by sellers. b. the less an excise tax is shifted. c. the smaller the burden of an excise tax. d. the more of an excise tax that is paid by buyers. e. the smaller the increase in market price following imposition of an excise tax
Two-part pricing offers a mechanism whereby the firm can
A) charge two different prices to distinct groups of customers. B) collect two times as much from consumers as a single-price monopoly can. C) capture some or all of the consumer surplus. D) reduce some of its fixed costs.