In the short run, a perfectly competitive firm may earn economic profits that are

The creation of the European Monetary Union in 1999 lowered nominal interest rates in countries like Italy, because:

a. Nations in the European Monetary Union were required to reduce the maturity of their debt issues. b. Each nation now had a solid currency, and the markets knew that the central banks of these nations could create as much money as necessary to repay government debts. c. Markets had more confidence in the European Central Bank than they did in the Bank of Italy. d. All of the above. e. None of the above.

In general, it can be asserted that foreign aid promotes economic development

Indicate whether the statement is true or false