If a currency union provides more to its members than a common currency unit, such as fiscal transfers or fiscal federalism, it would make joining that union:
A) less costly.
B) more beneficial.
C) yield higher net benefits.
D) less costly, more beneficial, and yield higher net benefits.
Ans: D) less costly, more beneficial, and yield higher net benefits.
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Humberto is the chief operational officer (COO) of the SodaSopa Company and currently serves on the board of directors of the Helium Company of America. Humberto is considered ________ of the Helium Company of America
A) a managing director B) an unpaid advisor C) an outside director D) an inside director
Which of the following is an example of the U.S. government's use of a "command-and-control" approach to reducing pollution?
A) In 1990 Congress approved measures designed to reduce sulfur dioxide emissions to 8.5 million tons annually by 2010. B) The government issued electric utilities tradable emission allowances in order to reduce emissions of nitrogen oxide. C) In the 1980s the U.S. government required the installation of catalytic converters to reduce emissions from all new automobiles. D) The U.S. government imposed a tax on electric utilities to reduce damages from acid rain.
The long-run aggregate supply curve is vertical because
A) the economy has yet to use all its available resources. B) the economy has reached its potential real Gross Domestic Product (GDP) and is at full employment. C) the economy has contracted. D) the economy has large numbers of unemployed.
Under the system of fractional reserve banking, the reserve requirement is the ratio of excess reserves to total reserves
a. True b. False Indicate whether the statement is true or false