Prices in the European ERM countries on fixed exchange rates have converged ___ than for nations outside the ERM.
A) more slowly
B) more rapidly
C) more completely
D) less completely
Answer: B) more rapidly
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A stockholder who owns 1,000 shares of the corporation's 100,000 shares is entitled to what percentage of the vote in an election of corporate officers?
a. 1% b. 2% c. 5% d. 10%
An increase in the demand for union labor ________ , so there is no need to restrict labor supply or to ration jobs among union members
a. has no impact on wage and employment b. leads to higher employment and lower wage c. leads to higher wage and employment d. leads to lower wage and employment
The exchange rate is the:
a) cost of borrowing money. b) interest rate that banks charge their best customers. c) rate at which one currency can be exchanged for another. d) amount of gold backing a U.S. dollar.
The largest source of tax revenue for the U.S. federal government is the corporate-profit tax.
a. true b. false