Under the unified Euro regime, the European countries control
A) fixed exchange rate only.
B) monetary policy oriented toward domestic goals only.
C) freedom of international capital movements only.
D) monetary policy oriented toward domestic goals and freedom of international capital movements.
E) fixed exchange rate and freedom of international capital movements.
E
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Which of the following is the BEST example of a private good?
A) a can of Mountain Dew B) fish in the ocean C) cable television D) national defense
Financial innovations such as direct deposit of paychecks, electronic payment of bills, and automated teller machines (ATMs) have likely ________
A) had minimal effect on M1 and M2 B) reduced the size of M2 relative to M1 C) increased both M1 and M2 relative to GDP D) caused the growth rates of M1 and M2 to become more stable E) reduced the size of M1 relative to M2
Scarcity is defined as the condition in which
A) both wants and resources are limited. B) wants are finite and resources infinite. C) both wants and resources are infinite. D) wants are infinite and resources finite.
Which of the following characteristics applies to a monopolistically competitive? industry?
A. Firms act independently of each other. B. There are very few firms in the industry. C. Collusion is common. D. Firms in the industry each control a large share of the market. e. Products are? similar, but not? identical, to? competitors' products.