Refer to the given data. The domestic opportunity cost of producing 1 ton of steel in Alpha is:

Suppose that the consumer price index in Eastlandia rises from 150 to 159 over the past year, and that the city sets its car registration prices so that real prices stay the same. If the cost to register a car was $50 last year, how much would it cost this year, in nominal terms?

a) $50 b) $53 c) $56 d) $59

The 1992 plan of the European Union calls for

a. the complete mobility of economic resources across EU borders. b. establishing the British pound as the common currency. c. a central banking system in Zurich. d. a federal tax system similar to that of the United States.