The Common Currency That Was Initially Adopted by Eleven Member

question 33

Multiple Choice

The common currency that was initially adopted by eleven member states of the European Union is the

• A)continental.
• B)euro.
• C)maastricht.
• D)francmark.
• E)freipence.

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Definitions:

Capital Flow

The movement of money for the purpose of investment, trade, or business production across international borders.

Industry's Short-run

A period in which at least one of a firm's inputs is fixed, limiting the firm's ability to adjust to changes in market demand.

General Equilibrium

A state in which all parts of the economy (supply, demand, prices) are in balance and all markets are at equilibrium.

Market Equilibrium

A situation in which market supply and demand balance each other, and as a result, prices become stable.