As of 2016, there are ______ nations fully in the Eurozone, with ______ nations remaining outside the currency union.
A) 40; 2
B) 19; 10
C) 35; 7
D) 10; 17
Ans: B) 19; 10
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In both monopolistically competitive and perfectly competitive industries
A) firms produce products for which there are no close substitutes. B) firms are price takers. C) there are high barriers to entry. D) there are many buyers and sellers.
Is it possible to see gains in a nation's real standard of living without any positive economic growth?
A) No, a nation's standard of living cannot improve without economic growth. B) Yes, but only if the government prints more money so people feel rich. C) Yes, if workers can produce the same level of output in fewer work hours, so that more leisure time could push up the real standard of living. D) None of the above: Economic growth has nothing to do with a nation's standard of living.
According to Simon Kuznets, _____
a. the main force behind economic growth is increases in the quantity of labor b. the main force behind economic growth is increases in the quantity of capital c. the main force behind economic growth is increases in the quality of inputs d. government regulations increase labor productivity e. government regulations decrease labor productivity
The interest-rate-based monetary policy transmission mechanism emphasizes the
A. direct effect of a change in the money supply that operates via a change in total planned production generated by a change in the price level. B. direct effect of a change in the money supply that operates via a change in total planned expenditures generated by a change in the interest rate. C. indirect effect of a change in the money supply that operates via a change in total planned expenditures generated by a change in the interest rate. D. indirect effect of a change in the money supply that operates via a change in total planned production generated by a change in the price level.