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Natasha_Volkova [10]
3 years ago
10

The price of a bouquet of roses in France is 4 euros. Tom Smith, a frequent international traveler found that a similar bouquet

of roses cost only 3 euros in Germany. A benefit of adopting the euro as a common currency is that it
Business
1 answer:
77julia77 [94]3 years ago
7 0

A benefit of adopting the euro as a common currency is that it makes it easier to compare prices across Europe.

<h3><u>Explanation:</u></h3>

When the same currency type is used in different group of people or different geographic locations, it refers to the common currency. In European Nations the common currency that is being used in Euro and in U.S the common currency used is dollar. There are many benefits that are associated with the usage of common currency.

It helps in reduction of transaction cost, Price transparency, expands markets, enhances the currency stability,etc.In the example given, the prices of roses at different regions of Europe were found to be different. The prices of the rises are expressed in Euros. The use of common currency here facilitates and makes easier to compare prices across Europe.

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Use the graph to answer the question that follows. Graph has quantity along the horizontal axis and price along the vertical axi
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The statement that would describe the shift from D1 to D2 is Demand for the product increased.

<h3>Why was there a shift from D1 to D2?</h3>

D2 is a curve that is to the right of D1 which means that it represents a higher level of demand for goods and services.

This means that for the demand to move from D1 to D2, there must have been an increase in the demand for the good or service and this could have been for any number of reasons including a reduction in the price of complimentary goods.

Find out more on determinants of demand at brainly.com/question/1245771

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8 0
1 year ago
Six months before filing for bankruptcy, shirley sold her new car to her brother, claude, for $100 so that her creditors could n
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<span>In this case, the transfer could be considered voidable by the trustees. This is because Shirley did not receive the fair value for the car, but simply received a negligible amount as a way of trying to defraud her creditors. In this case, the transfer could be voided.</span>
7 0
3 years ago
A credit card company claims that the mean credit card debt for individuals is greater than $ 5 comma 100. you want to test this
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8 0
3 years ago
An economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionar
antoniya [11.8K]

Answer: reduced by $80 billion

Explanation:

An expansionary gap is when the actual output is more than the potential output. From the question, we are told that an economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionary gap and that the central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out.

We are also given the marginal propensity to consume is 4/5, and told that the price level is completely fixed in the short run.

To close the expansionary gap, the government would need to reduce its spending. To solve this, we have to calculate the multiplier. This will be:

Multiplier = 1/(1 - MPC)

= 1/(1 - 4/5)

= 1/1-0.8

= 1/0.2

= 5

Therefore, the government expenditure or spending will be reduced by:

= $400 billion/5

=$80 billion

3 0
3 years ago
In order to be impartial and lawful, a pre- inspection agreement must be
lakkis [162]
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<span>D. negotiable and capable of being altered. </span>

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8 0
3 years ago
Read 2 more answers
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