From 2000 to 2007, which country had the highest nominal house price increase?

In a large country case, an optimal tariff is one for which the terms-of-trade gain exceeds the:

a. producer surplus. b. increased price of the product imported. c. deadweight loss. d. consumer surplus.

Most members of the European Union _____.

(A) Only import and export goods using a flexible exchange rate system. (B) Imposed high tariffs on all exports beginning in 1986. (C) Have switched their currencies to the euro. (D) Only trade goods with neighboring countries.