Some people support the Euro in hopes that the European Central Bank will emulate the monetary policy of the central bank of
A) Germany.
B) France.
C) Italy.
D) Spain.
A
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measure of the price level that includes prices of the final goods and services included in GDP
What will be an ideal response?
If a pollution tax imposed on a firm is greater than its external cost:
A. the externality will be fully internalized. B. the social production cost will increase by the amount of the pollution tax. C. the pollution tax will be efficient. D. from a society's point of view, the firm will be producing too little.
The value of the market to society is
A. the area under the demand curve from the origin to the quantity purchased. B. the area under the demand curve but above the price line from the origin to the quantity purchased. C. the area under the supply curve from the origin to the quantity produced. D. the area under the demand curve but above the supply curve from the origin to the quantity purchased.
Johnny has worked as a CPA for five years and wants to open his own public accounting practice. The cost of his college degree in accounting represents
A) the opportunity cost of this endeavor. B) a sunk cost. C) an expense. D) a variable cost.