The euro is a composite currency; its value is an average of the changing values of several national currencies

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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According to the textbook, Manning and his colleagues found that people with $1,000-deductible policies spent ­______ on health care relative to people with first-dollar coverage.

A. 50 percent more B. the same amount C. 40 percent more D. less

Economics

Because efficiency wage theory deals with the consequences of a change in a firm's ________ wage, if all wages were indexed to nominal aggregate demand the theory would be ________

A) absolute, even more appropriate B) absolute, rendered inappropriate C) relative, even more appropriate D) relative, rendered inappropriate

Economics

Why does rent-seeking behavior lead to deadweight loss?

Economics

The size of the deadweight loss generated from a tax is affected by the

a. elasticities of both supply and demand. b. elasticity of demand only. c. elasticity of supply only. d. total revenue collected by the government.

Economics