In the 1990s, the Monks of St

question 137

Multiple Choice

In the 1990s, the Monks of St.Benedict's the Monks determined that their ________ were ________ in the egg and cookie business, so they ________ .

• A) opportunity costs; too low; switched to providing private retreats
• B) opportunity costs; too high; switched to providing private retreats
• C) profits; too high; went out of business
• D) operating costs; too low; opened a new business

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Definitions:

Euro

The official currency used by the majority of the member countries of the European Union.

EU Countries

Nations that are members of the European Union, a political and economic union of 27 European countries.

Unification

The process of making or becoming united or whole, often referring to the consolidation of territories, organizations, or rules into a single entity.

International Monetary Fund (IMF)

Organization created to promote trade, eliminate barriers, and make short-term loans to member nations that are unable to meet their budgets.