After being introduced in 1999, the euro
a. increased in value through 2008.
b. decreased in value through 2008.
c. increased in value through 2000 but then decreased in value through 2008.
d. decreased in value through 2000 but then increased in value through 2008.
d
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Refer to Table 4-4. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of one of the bottles is $24 dollars
A) Curly will receive $26 of consumer surplus from buying one bottle. B) Larry will receive $15 of consumer surplus since he will buy no bottles. C) Curly will buy two bottles, Moe will buy one bottle and Larry will buy no bottles. D) Curly and Moe receive a total of $80 of consumer surplus from buying one bottle each. Larry will buy no bottles.
Which of the following factors that affect our well-being does GDP fail to adequately account for?
a. changes in the quality of goods b. externalities c. leisure d. all of the above