The "Four Freedoms" do NOT include the right to
A) vote in local elections.
B) migrate within the EU.
C) write insurance policies throughout the EU.
D) open bank accounts anywhere in the EU.
A
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The market equilibrium quantity:
A. is sometimes the socially optimal quantity. B. maximizes total economic surplus. C. is the socially optimal quantity. D. is not the socially optimal quantity.
In 2006, Jan and Lou bought a house for $100,000. After a year, they still owed $98,000, but the home was worth $220,000, so they used it as collateral to get a $90,000 loan to buy a boat. What have they done?
a. taken out a hybrid loan b. bought a mortgage-backed security c. borrowed against their equity d. entered a subprime mortgage
In Figure 26.1, consumer surplus under perfect competition is 
A. FABE. B. EBC. C. P2AC. D. FAC.
A concentration ratio provides a better assessment of market power than the Herfindahl-Hirschman index does.
Answer the following statement true (T) or false (F)