The main component of the monetary union created by the Treaty of Maastricht is a(n)
A. single currency.
B. gold standard.
C. bilateral barter system of currencies.
D. unified stock market.
Answer: A
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The slope of a line equals the change in the variable measured along the
A) x-axis divided by the change in the variable measured along the y-axis. B) y-axis divided by the change in the variable measured along the x-axis. C) x-axis minus the change in the variable measured along the y-axis. D) x-axis multiplied by the change in the variable measured along the y-axis. E) y-axis minus the change in the variable measured along the x-axis.
Which of the following is true?
a. Real federal spending per person was approximately 50 times higher in 1900 than 1800. b. Real federal spending per person grew more rapidly during the 19th century than during the 20th century. c. Real federal spending per person was approximately 60 times greater in 1990 than in 1916. d. Real federal spending per person has decreased significantly since 1964.
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the basket's cost was $77; in 2013, the basket's cost was $82; and in 2014, the basket's cost was $90 . The value of the CPI in 2014 was
a. 109.8 and the inflation rate was 9.8%. b. 109.8 and the inflation rate was 16.9%. c. 116.9 and the inflation rate was 9.8%. d. 116.9 and the inflation rate was 16.9%.
What factors generate economies of scale?
What will be an ideal response?