The Threat of a Greek Exit from the Euro System

question 21

Multiple Choice

The threat of a Greek exit from the euro system

• A)led to the exit of Spain from the euro.
• B)increased the viability of the Greek exit.
• C)spurred economic activity in Greece.
• D)left Greek banks bankrupt.

Distinguish between households and firms in the context of the circular flow.

Recognize the flow of resources, goods, services, and money in the economy.

Understand the concepts of positive and normative statements in economics.

Differentiate between statements of fact (positive statements) and statements of opinion or policy (normative statements).

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Definitions:

Female Infant

A young female child, typically considered to be under one year of age.

Aphagia

Failure to eat; may be due to an unwillingness to eat or to motor difficulties, especially with swallowing.

Lateral Hypothalamus

A region of the brain involved in regulating hunger and thirst.

Ventromedial Hypothalamus

A part of the hypothalamus involved in regulating satiety, metabolism, and various other autonomic functions.