Other issues that exist within the ECB include all of the following, EXCEPT:
A) the level of competence of officials.
B) the lack of formal accountability.
C) an insistence on consensus decisions, which could cause policy responses to lag.
D) too much independence, causing other Eurozone entities to believe they have no voice.
Ans: A) the level of competence of officials
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Explain why economics is a science and how it differs from a physical science.
What will be an ideal response?
Which statement is true?
A. Both the Taft-Hartley and Wagner Acts are viewed as pro-labor. B. Both the Taft-Hartley and Wagner Acts are viewed as anti-labor. C. The Taft-Hartley Act is viewed as pro-labor and the Wagner Act is viewed as anti-labor. D. The Taft-Hartley Act is viewed as anti-labor and the Wagner Act is viewed as pro-labor.
Figure 10.3 describes the labor market for a manufacturing industry. In the short run, an increase in the price of the good made by the workers will:
A. cause the equilibrium wage and the hours of labor used to increase. B. not have an effect on this market. C. cause the equilibrium wage to increase but will not change the hours of labor used. D. cause the equilibrium wage and the hours of labor used to decrease.
The data indicate that:
Answer the question on the basis of the following information for four highway programs of increasing scope. All figures are in millions of dollars.
A. there is no highway program that is economically justifiable on the basis of cost-benefit
analysis.
B. the marginal cost and marginal benefit of Program A are $2 and $9 respectively.
C. the marginal cost and marginal benefit of Program C are $12 and $21 respectively.
D. the marginal cost and marginal benefit of Program A cannot be determined.