If a currency union provides more to its members than a common currency unit, such as fiscal transfers or fiscal federalism, it would make joining that union:
A) less costly.
B) more beneficial.
C) yield higher net benefits.
D) less costly, more beneficial, and yield higher net benefits.
Ans: D) less costly, more beneficial, and yield higher net benefits.
Economics
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If the price of a 32GB memory card decreases from $25 to $20, the percentage change is
A) -20 percent. B) -33 percent. C) -50 percent. D) -60 percent.
Economics
Which of the following costs can be positive when output is zero?
A) average variable cost B) total variable cost C) marginal cost D) total fixed cost E) None of the above because when output is zero there are no costs.
Economics