A. A tax levied on certain articles produced and consumed in a country
B. A licensing charge or a fee levied for certain privileges
C. Both of these
D. None of the above
A. floating exchange rates
B. pegged exchange rates
C. managed exchange rates
D. fixed exchange rates
A. Price index
B. Price indexing
C. Price fixing
D. Price choosing
A. flat; steep
B. flat; flat
C. steep; flat
D. steep; steep
A. Marginal benefit equals marginal damage cost
B. marginal benefits equals marginal social cost
C. marginal benefit equals marginal private cost
D. marginal social cost equals marginal external cost
A. Shift demand outwards
B. Shift demand inwards
C. A contractions of demand
D. An extension of demand
A. Money supply is more difficult to control in a currency union.
B. The inflation-unemployment trade-off is more unstable in a currency union
C. All of these answers describe problems for monetary policy in a currency union
D. The interest rate may be higher than is appropriate for economic conditions in some countries while it’s lower than is appropriate in some others monetary policy must be one size fits all