Compared with a system of fixed exchange rates, currency unions have the disadvantage of
A. requiring every country to share a common fiscal policy.
B. decreasing the sacrifice ratio.
C. allowing exchange rates to float.
D. requiring all its members to share a common monetary policy.
Answer: D
Economics
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A) consumption increases B) output decreases C) saving decreases D) all of the above E) none of the above
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Refer to the below table. What is the marginal resource cost if the firm employs a 12th worker?
A. $16
B. $17
C. $18
D. $19
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