Three of the Following Non-EU Countries Have Unilaterally Adopted the Euro

question 346

Multiple Choice

Three of the following non-EU countries have unilaterally adopted the Euro. Which one has not?

• A) Kosovo
• B) Andorra
• C) Albania
• D) Montenegro

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Definitions:

Monopoly

A market condition where a single firm has exclusive control over a product or service, eliminating competition.

Negative Externalities

Adverse effects suffered by a third party or the public as a result of an economic transaction or activity.

Principal-Agent Problem

At a firm, a conflict of interest that occurs when agents (workers or managers) pursue their own objectives to the detriment of the principals’ (stockholders’) goals. In public choice theory, a conflict of interest that arises when elected officials (who are the agents of the people) pursue policies that are in their own interests rather than policies that would be in the better interests of the public (the principals).

Private Sector

The private sector encompasses businesses and entities that are not owned or operated by the government, operating primarily for profit.