Which of the following countries did not adopt the euro as their currency?
A) Greece
B) Belgium
C) Great Britain
D) Finland
C
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Which of the following statements is true?
A) Most of the leading exporting countries are large, high-income countries. B) All sectors of the U.S. economy are affected equally by international trade. C) Each year China exports about 50 percent of its wheat crop and 40 percent of its rice crop. D) Exports benefit trading countries because exports create jobs. Imports do not benefit trading countries because they result in a loss of jobs.
_________is a cost that changes when the business rate of operation or output changes.
Fill in the blank(s) with the appropriate word(s).
The intrinsic value of an option:
A. is the amount the investor believes the option will be worth on the expiration date. B. is equal to price of the underlying asset. C. is the amount the option is worth if it is exercised immediately. D. cannot be determined without knowing the future price of the underlying asset.
In a market economy, entrepreneurs are most concerned with:
A. maximizing profits or minimizing losses. B. increasing the wages and salaries of workers. C. maximizing utility or satisfaction from limited incomes. D. the selfish pursuit of money.