What is the new common currency used by many members of the European Union?

A. Pound
B. Eurodollar
C. Euro
D. Mark

C. Euro

Economics

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Price taking behavior exists in

A) perfectly competitive markets. B) markets with a monopolist, where consumers have to take price as it is given to them by the monopolist. C) automobile markets where consumers have to take the price set by the dealer. D) Both answers B and C are correct.

Economics

It is not possible to have an absolute advantage in producing a good or service without having a comparative advantage

Indicate whether the statement is true or false

Economics