Which of the following is NOT true of the European Union
A. The EU promoted freer trade between member countries
B. The EU allows members to benefit from economies of scale in selling to a larger market
C. The EU provides a common currency for a subset of its members
D. The EU was established in 1999
Ans: D. The EU was established in 1999
Economics
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Figure 11-2
Which graph in Figure 11-2 best reflects a Keynesian's view of the impact of raising taxes on saving?
a.
1
b.
2
c.
3
d.
4
Economics
You are asked to lend a friend $10,000 for a year. At the end of the year your friend agrees to pay you $10,500. The interest rate on this loan is
A. 0.05%. B. 5.0% C. 105%. D. indeterminate from this information.
Economics