What new authority did the ECB receive in 2012?
A) the authority to oversee the banking systems of all member countries
B) the ability to set different interest rates in different member countries
C) the ability to require that member nations balance their budget
D) permission to monetize the debt of member countries
A
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The goal of a perfectly competitive firm is to maximize its
A) normal profit. B) revenue. C) output. D) economic profit.
Which of the following statements about the Third World is true?
a. Except for Latin America, most Third World citizens live in urban areas. b. The culture, politics, and geography of the Third World countries are very similar. c. Third World economies are largely dependent on manufacturing industries. d. The Third World is made up of non-communist developing countries. e. About 80 percent of the population of the Third World countries live in China and India.