Article 123 of the Treaty on the functioning of the European Union stated that the
A. member countries had to keep a fixed gold deposit with the European Central Bank.
B. European Central Bank could not purchase member nation debt.
C. member countries had to maintain a deficit to GDP ratio of 4 percent.
D. European Union would bailout any member country in distress.
Answer: B
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Use the above table. If the level of production was determined by the market, it would be
A) 4. B) 5. C) 6. D) 7.
A tax that creates an excess burden may nevertheless improve efficiency if
a. consumption of the good has been generating beneficial externalities. b. consumption of the good has been generating no externalities. c. consumption of the good has been generating detrimental externalities. d. the good has been supplied by a monopolist.
if $3,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
a. $3,300,000 b. $3,000,000 c. $3,090,000 d. $2,910,000
If one were to consider a university as a business, the computers in the computer labs would be regarded by economists as
a. technology flows. b. mechanization flows. c. part of the university's stock of capital. d. a flow of services from the university's stock of capital.