The European Union is seen as a less than optimal currency area because
A) of a lack of labor mobility and fiscal integration.
B) of a lack of fiscal integration and capital mobility.
C) of disagreements over fiscal policy and trade restrictions.
D) of the national identity lost with the euro.
A
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OPEC is an example of a:
A. cartel. B. duopoly. C. monopoly. D. monopsony.
In mid-2012 Delta increased the price of a New York to LA ticket by 10 percent. As a result of this price hike, there was a ________ shift in the demand curve for a ticket on Continental because the price of a ________ had risen
A) rightward; complement B) leftward; substitute C) leftward; complement D) rightward; substitute
The substitution effect explains why there is a direct relationship between the price of a product and the quantity of the product demanded
Indicate whether the statement is true or false
Changes in what sector best explain changes in union rates throughout American history?
a. Agricultural. b. Government. c. Manufacturing. d. Service.