According to your text, the annual cost of regulation (federal, state and local) in the United States is estimated to exceed ________ per year

A key benefit for nations in a politically integrated currency union such as the United States is the existence of fiscal federalism. What is the status of fiscal federalism in the Eurozone?

A) It is almost nonexistent because few fiscal transfers take place. B) It is thriving and encompasses many aspects of the economy. C) Most believe it currently lags the United States, but the situation is very fluid and will change soon. D) Fiscal federalism is a concept that has relevance only in the United States because each Eurozone nation is completely independent.

When the short term adjustment of a nation's price level is sluggish, economists will often discuss the nation's

A) price inertia. B) policy assignment. C) trade restrictions. D) central bank independence.