Which of the following is not a reason why some production continues in households?
a. Some household production requires many specialized resources
b. The opportunity cost of household production has decreased over time
c. Household production avoids taxes
d. There have been important technological advances in household production
e. Some households prefer the ability to control production
A
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The idea that nations in a currency union will have fewer trade barriers or other frictions may have the dual effect of:
A) increased integration and more risk of debt default. B) increased political harmony and less risk of asymmetric shocks. C) economies of scale and specialization as well as higher risk of asymmetric shocks. D) economic growth and an increase in environmental degradation
Describe how inflation can be costly even if it is anticipated
What will be an ideal response?