The European Union membership criteria includes all of the following EXCEPT
A) the country must participate in free trade with all of its goods and services.
B) the country must follow market-based economics.
C) the country must formally adopt the EU-wide rules such as technical standards, environmental inspections, banking supervision, etc.
D) the country must be a stable functioning democracy.
E) None of the above.
A
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If consumption is $1,230 when disposable income is $1,420, and consumption is $1,400 when disposable income is $1,620, then the marginal propensity to consume (MPC) is
A) 1.15. B) 0.15. C) 6.67. D) 0.85.
The study of why an economy's production capacity increases over time is the subject of growth economics.
Answer the following statement true (T) or false (F)
Suppose a health insurance company notes that almost all of its customers are at a high risk of illness or injury. This is an example of:
A. public information. B. perfect information. C. a thick market. D. an adverse selection problem.
How does a dominant strategy equilibrium occur in a simultaneous move game?
What will be an ideal response?