In 1999, the Eurozone was:
A) formed by all European countries to reduce tariffs.
B) formed by 11 countries to adopt a new currency.
C) formed by 21 countries to allow labor migration between countries.
D) renamed the World Trade Organization.
Ans: B) formed by 11 countries to adopt a new currency.
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In the financial industry, "securitization" refers to:
A. increasing insurance protection on bank deposits. B. requiring greater down payments on home purchases to reduce mortgage default risk. C. bundling groups of loans, bonds, mortgages, and other financial debts into new securities. D. increasing collateral requirements on loans.
Referring to Figure 1.4, the opportunity cost of producing the third unit of pizza is 
A. six units of soda. B. three units of soda. C. the same as the opportunity cost of producing the first unit of pizza. D. one unit of soda.