The single currency project in the EU will be most successful if European labor is relatively
A) immobile.
B) immobile and business cycles are not synchronized.
C) mobile and business cycles are synchronized.
D) mobile and business cycles are not synchronized.
C
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The price system has
A) prices fixed by the government. B) prices fixed by the seller. C) voluntary exchange. D) prices fixed by the producer.
Increases in the overall price level:
A. result in an increase people's dollar-denominated wealth. B. mean that a given number of dollars can buy as much in terms of real goods and services as before. C. tends to cause people to increase their consumption. D. reduce people's real wealth.
If an airline company has several empty seats on a flight and the full price of an air ticket is $500 and the marginal cost per passenger is $100, then it will be profitable for the airline to
A. charge a stand-by passenger no less than the full fare of $500. B. charge a stand-by passenger less than $100. C. charge a stand-by passenger more than $500. D. charge a stand-by passenger more than $100. E. fill the seats at the last minute for any price.
Under the NAFTA, countries must enforce their own labor standards
Indicate whether the statement is true or false