Which one of the following countries was the "spark" that ignited the 2009 euro crisis?
A) China
B) Greece
C) England
D) Spain
E) Germany
B
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According to the equation of exchange, nominal GDP equals
A) the amount of actual money balances divided by the income velocity of money. B) the price level divided by the income velocity of money. C) the amount of actual money balances times the income velocity of money. D) the price level times the income velocity of money.
If an average cost pricing rule is imposed on the firm in the figure above, the consumer surplus will be
A) zero. B) $450. C) $400. D) $200.
According to Figure 6.1, the average annual rate of growth of the U.S. economy in the period 1996-2011 equalled ________
A) 0.3 percent B) 2.2 percent C) 30 percent D) 300 percent
If you knew that an investment was going to pay you $1,188,757 in 20 years, and you knew that the annual interest rate over that time would be 2 percent, you could calculate the present value to be:
A. $800,000. B. $1,500,000. C. $905,000. D. $1,000,000.