Which of the following treaties/agreements would be associated with creating a free trade area for the European Union?
A) Treaty of Rome
B) Single Europe Treaty
C) Delors Agreement
D) Treaty on European Union
E) Schengen Agreement
A
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All but the most primitive societies use money as a medium of exchange, implying that
A) the use of money is economically efficient. B) barter exchange is economically efficient. C) barter exchange cannot work outside the family. D) inflation is not a concern.
Which type of unemployment increases during a recession?
A) cyclical unemployment B) frictional unemployment C) structural unemployment D) the natural unemployment rate
What is the interest rate on a 12-month U.K. certificate of deposit if the dollar return on the certificate is 4 percent and the dollar has appreciated 9 percent against the British pound?
a. 15 percent b. 13 percent c. 9 percent d. 5 percent e. 4 percent
In 2012, the U.S. minimum wage according to federal law was
a. $4.25 per hour. b. $5.15 per hour. c. $5.75 per hour. d. $7.25 per hour.