Some say the ECB draws too heavily on the German model. What is its major focus?
A) reliance on the ability of the European parliament to engage in fiscal policy when necessary
B) the notion that the economy needs monetary stimulus to weather frequent recessions
C) that the unemployment problem, especially in Eastern Europe, should take priority over price stability
D) that price stability (low inflation) is the primary policy goal, separated from political influence or having to address regional economic slowdowns
Ans: D) that price stability (low inflation) is the primary policy goal, separated from political influence or having to address regional economic slowdowns
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Its lunch time, you are hungry and would like to have some pizza. By the law of diminishing marginal value,
a. you would pay more for your first slice of pizza than your second b. you would pay more for your second slice of pizza than your first c. you would pay an equal amount of money for both the slices since they are identical d. none of the above
Who tends to be generally very much against labor migration?
A. The migrant workers B. The labor unions in the country of origin C. The firms in the destination country D. The labor unions in the destination country