Euro-optimists believe that the Eurozone has been successful because:

A) it has not collapsed since its inception.
B) the euro is becoming a reserve currency for foreign central banks.
C) European inflation has fallen to 10% annually.
D) there are no exit mechanisms for countries to leave the Eurozone.


Ans: B) the euro is becoming a reserve currency for foreign central banks.

Economics

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A price ceiling is:

A. a legal maximum price. B. a legal minimum price. C. a legal maximum quantity that can be sold at a particular price. D. a legal minimum quantity that can be sold at a particular price.

Economics

Brittany provides manicures at the only salon in town. Her marginal cost is constant at $5 per client, her fixed cost is $25 per day, and she is able to do 8 manicures per day. On a given day, half of her clients are willing to pay $15 for a manicure; half are willing to pay only $10 . If she charges all of her clients $10, then her maximum daily profit equals

a. $80 b. $15 c. $40 d. $55 e. $50

Economics

If the rate of interest is fixed, the MFC of capital is equal to the interest rate

Indicate whether the statement is true or false

Economics

Refer to Figure 14-11. The figure above is for a firm operating in a competitive industry. If there were four identical firms in the industry, which of the following price-quantity combinations would be on the market supply curve?

A $4 16 B $4 32 C $6 6 D $8 64

Economics