The European Union membership criteria includes all of the following EXCEPT
A) the country must participate in free trade with all of its goods and services.
B) the country must follow market-based economics.
C) the country must formally adopt the EU-wide rules such as technical standards, environmental inspections, banking supervision, etc.
D) the country must be a stable functioning democracy.
A
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The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The total tax revenue is equal to
A) $1,800. B) $600. C) $1,200. D) $900. E) $5,600.
The Dodd-Frank law
A) created new regulations for financial markets and firms. B) based compensation of bankers on shareholder value. C) rewarded bankers when market share increased. D) created rules that help create the recent financial crisis. E) removed capital requirements on financial institutions.