Currency unions are rare because
A) they're to no one's advantage.
B) countries are reluctant to give up having their own currencies.
C) having flexible exchange rates has the same benefits and none of the costs.
D) speculative attacks are likely to occur.
B
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Cartel members have a collective interest in ____ industry price and a private interest in ____ their own prices
a. increasing; increasing b. increasing; decreasing c. decreasing; increasing d. decreasing; decreasing
Which of the following accounted for the highest percentage of federal government spending in 2013?
a. net interest on the national debt b. income security c. national defense d. education and health
(Consider This) The hedonic treadmill refers to a phenomenon where:
A. people can't improve their economic well-being because prices increase as fast as wages. B. people can't get out of debt because credit card companies use anchoring to get consumers to carry large balances on their accounts. C. increasing our level of consumption doesn't make us any happier in the long term. D. feelings of loss offset our feelings of gain, leaving us no happier in the long term.
Explain why expenditure switching and expenditure reducing policies need to be used together
What will be an ideal response?