A geographic region in which the benefits of having a common currency exceed the costs is
A) an optimum currency area.
B) an exchange-rate mechanism.
C) a currency board area.
D) a common currency area.
A
Economics
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Many autoworkers are unionized. Which of the following methods can help them achieve higher wages? I. Training that increases union members' marginal product II. A publicity campaign promoting purchase of union-made automobile
A) I only B) II only C) I and II D) Neither I nor II
Economics
When a firm has a monopoly in a market and also perfectly price discriminates, total welfare
A) is maximized. B) is lower than in a perfectly competitive market. C) is higher than in a perfectly competitive market. D) is minimized.
Economics