If the euro becomes an international reserve currency, the EU may enjoy:
A. interest-free loans that finance trade deficits.
B. high-interest loans that promote trade surpluses.
C. interest-free loans that promote trade surpluses.
D. high-interest loans that finance trade deficits.
Answer: A
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The personal distribution of income shows
A) that labor receives the largest percentage of total income. B) how profit accounts for the largest fraction of total income. C) that the richest 20 percent of households receive 23 percent of total income. D) that interest accounts for most of the income of the richest 20 percent of households. E) that the poorest 20 percent of households receive less than 4 percent of total income.
If the production of a particular good causes a negative externality, would the equilibrium quantity in a competitive market be less than the efficient quantity or would it be greater than the efficient quantity?
What will be an ideal response?
If the market for a product begins as perfectly competitive and then becomes a monopoly, there will be a reduction in economic efficiency and a deadweight loss
Indicate whether the statement is true or false
What is the expected revenue from developing the complicated software?
a. $10million b. $15million c. $20million d. $50million