The common currency area in Europe is called the:
A) common market.
B) Eurozone.
C) euromark.
D) European Union.
Ans: B) Eurozone.
Economics
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Which of the following equations correctly represents nominal exchange rate?
A) Nominal exchange rate = units of foreign currency/1 unit of domestic currency B) Nominal exchange rate = 1 unit of domestic currency/100 units of foreign currency C) Nominal exchange rate = 100 units of domestic currency/1 unit of foreign currency D) Nominal exchange rate = units of foreign currency/100 unit of domestic currency
Economics
Which of the following examples cited in the text was the MOST successful case of infant industry protection?
a. the Chinese auto industry b. the Brazilian computer industry c. Harley-Davidson d. Daimler-Chrysler Corporation
Economics