The principle of subsidiarity states that
A) individual countries do not have to give up individual sovereignty for the good of the union.
B) the union only has the authority to deal with issues best handled by international action.
C) the union is the ultimate arbiter of all European issues.
D) the union has no authority within countries.
B
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What will be an ideal response?
The size of a family or household does not affect the data used to measure income inequality
a. True b. False Indicate whether the statement is true or false
Full employment is the situation in which the economy operates at an unemployment rate equal to the sum of
a. structural and frictional unemployment. b. cyclical and frictional unemployment. c. structural and cyclical unemployment. d. structural, frictional, and cyclical unemployment.
Consider an economy with only two goods: bread and wine. In 1982, the typical family bought 4 loaves of bread at 50¢ per loaf and 2 bottles of wine for $9 per bottle. In Year X, bread cost 75¢ per loaf and wine cost $10 per bottle. The CPI for Year X (using a 1982 base year) is:
A. 100. B. 115. C. 126. D. 130.