What currency was the base, or center, currency in the ERM used in Europe during the 1980s and 1990s?

Economic freedom

A) is harmed by having too many property rights. B) is created when the nation imposes many regulations on businesses. C) is founded, in part, on the rule of law. D) is not important for nations to grow. E) must come from a democratic government.

When ________ in a market, the total net benefit to society is maximized

A) deadweight loss is maximized B) consumer surplus is minimized C) producer surplus is minimized D) a competitive equilibrium is achieved