Euro-optimists believe the success of the euro to be the result of all of the following, EXCEPT:
A) more trade leads to more success for the euro.
B) more countries are lining up to join the euro.
C) more capital and labor mobility will take place under the euro.
D) more scope for asymmetric shocks, rather than symmetric shocks.
Ans: D) more scope for asymmetric shocks, rather than symmetric shocks.
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Indicate whether the statement is true or false
If Fred's marginal utility of pizza equals 10 and his marginal utility of salad equals 2, then
A) he would give up 5 pizzas to get the next salad. B) he would give up 5 salads to get the next pizza. C) he will eat five times as much pizza as salad. D) he will eat five times as much salad as pizza.