Which of the following is NOT one of the major problems with expanding the EU?
A) Expansion has become a more difficult task because of the unwillingness of the eastern and central European countries to change.
B) The programs that target EU expenditures could be stretched thin by the addition of countries with much lower incomes.
C) The governance structure of the EU had to be changed to avoid becoming unwieldy and ineffective.
D) The EU may be faced with an unstable eastern border with huge worker migratory flows if the transition economies fail.
E) Most central and eastern European countries have large agricultural sectors and extending subsidies to these countries would entail an enormous flow of funds given the Common Agricultural Policy.
A
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If a monopolistically competitive firm raises its price, it
a. loses all of its customers (sales drop to zero) b. loses some, but not all, of its customers c. loses very few customers d. loses no customers at all e. gains customers (sales increase)
Which of the following is a source of inequality in incomes?
a. job preferences b. willingness to take risks c. differences in investment in human capital. d. All of the above are correct.