Which of the following is NOT one of the major problems with expanding the EU?
A) Expansion has become a more difficult task because of the unwillingness of the eastern and central European countries to change.
B) The programs that target EU expenditures could be stretched thin by the addition of countries with much lower incomes.
C) The EU may be faced with an unstable eastern border with huge worker migratory flows if the transition economies fail.
D) Most central and eastern European countries have large agricultural sectors and extending subsidies to these countries would entail an enormous flow of funds given the Common Agricultural Policy.
A
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A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $5 million at the end of one year, $10 million at the end of two years, and $15 million at the end of three years. Option C will give the firm $15 million at the end of one year,
$10 million at the end of two years, and $5 million at the end of three years. Option D will give the firm $21 million at the end of one year, nothing at the end of two years, and $9 million at the end of three years. Which of these options has the highest present value if the rate of interest is 5 percent? a. Option A b. Option B c. Option C d. Option D
Output Total Cost015125233340448558670Table 8.5Refer to Table 8.5. The average variable cost of producing five units of output is:
A. $0. B. $8.60. C. $10. D. $11.60.