The European Economic Community was created in 1957 by:
a. France, the United Kingdom, Italy, Belgium, the Netherlands, and Luxembourg.
b. France, West Germany, Italy, Belgium, the Netherlands, and Luxemburg.
c. France, West Germany, Italy, Belgium, the Netherlands, and the United Kingdom.
d. France, West Germany, Italy, the United Kingdom, Belgium, the Netherlands, and Luxembourg.
e. France, West Germany, Italy, Belgium, the United Kingdom, and Luxembourg.
b
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If a landlord will rent an apartment only to married couples over 30 years old, the landlord is allocating resources using a ________ allocation method
A) majority rule B) market price C) contest D) personal characteristics E) command
According to the text there appear to be very limited opportunities for input substitution in the production of pipe organs. Which of the following is the most plausible explanation for this observation?
A) Capital costs have made it too expensive to purchase more capital stock. B) It requires a large amount of highly trained labor to produce a single pipe organ. C) The marginal productivity of additional trained workers is zero. D) The capital used in producing pipe organs is much more expensive than the labor inputs.
The factor accounting for the steepest rise in the currency ratio since 1892 is
A) taxes. B) bank panics. C) illegal activity. D) an increase in wealth.
Monopolists can achieve any level of profit they desire because they have unlimited market power
a. True b. False Indicate whether the statement is true or false