What fundamental element of a political union is the European Union missing by Britain’s decision to opt out of provisions such as the EU Charter of Fundamental Rights, the Schengen Agreement, and the Eurozone?
Answer: the willingness of countries to give up sovereignty for the benefit of all
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One reason Zimbabwe suffered from hyperinflation is that the government had decided to pay for all of its expenses by
A) selling Treasury bonds to foreign governments. B) selling its government-run oil company to a private company, which then defaulted on its payment. C) raising interest rates to attract foreign direct investment, then nationalizing the foreign-owned facilities. D) printing more and more money.
Government decreasing taxes is an example of:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. expansionary monetary policy. D. contractionary monetary policy.
As the housing bubble collapsed, the combination of increasing interest rates and pessimism about future economic prospects:
A. increased both consumption and investment spending. B. decreased consumption and increased investment spending. C. decreased both consumption and investment spending. D. increased consumption and decreased investment spending.
Like nations, an individual who runs a deficit in daily transactions must make up for it through accommodating transactions to bring about an ultimate balance of credits and debits in his or her personal account. The best example of such a transaction is ______.
a. paying higher federal taxes b. increasing consumption c. making gifts to charities d. reducing personal savings