What Idea Is the Basis for the European Union Currency

question 118

Multiple Choice

What idea is the basis for the European Union currency, the euro?

• A) Tying other European currencies to the euro will stabilize exchange rates.
• B) The presence of the euro will eliminate soft currencies from the marketplace.
• C) Having a single currency will strengthen Europe's global competitiveness.
• D) The euro will eventually be used in Eastern Europe.

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Definitions:

Tradable Emissions Permits

A market-based system that allows entities to buy or sell government-granted allotments of pollutants, promoting cost-effective pollution reduction.

Pollution Costs

entail the negative externalities or financial burdens on society resulting from environmental pollution.

Nondegradable Pollutants

Substances that do not break down naturally in the environment and can accumulate and cause harm over time.

Emissions Tax

A tax imposed on companies for the amount of greenhouse gases they emit into the atmosphere.