Why is the eurozone called a currency union?
What will be an ideal response?
Since January 1, 1999, several European countries excluding the United Kingdom have been part of the eurozone, which means that they use the same currency, the euro. This is referred to as a currency union, a form of fixed exchange rate, in which, by using the same currency, all of these economies are pegging their exchange rates to each other.
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The following appeared in a Florida newspaper a week after a hurricane hit the state. "Floridians are relieved that the storm produced no fatalities but homeowners face weeks, if not months, of rebuilding. Matters are made worse by the soaring prices of plywood and other building materials that always follow in a hurricane's path. Complaints of profiteering and price gouging have not deterred firms from raising their prices by over 100 percent." Which of the following offers the best explanation for the price increases referred to in the article?
A) The hurricane caused an increase in the demand for building materials. B) The hurricane created an artificial shortage of building materials. C) There was a reduction in supply as firms shipped plywood and other materials to locations not affected by the storm. D) The hurricane reduced the number of suppliers of building materials.
Microsoft was charged with violating the antitrust laws not because it had a virtual monopoly in the form of its Windows operating system, but because it acted like a monopolist in trying to control the market for certain software applications
Indicate whether the statement is true or false
Which of the following is not one of the three major credit bureaus in the U.S.?
a. Equifax b. Experian c. American Express d. Trans Union
A renewable resource:
A. can be replenished naturally over time. B. is used to regenerate an old piece of capital. C. is used when adopting new technology, and replacing old capital. D. cannot be replenished naturally over time.