Describe The european central bank . ( where are they loacted? wHat is their purpose?)

Advanced Placement (AP)

1 answer:

Rashid [163]3 years ago

3 0

Answer:

The European Central Bank (ECB) is headquartered in Frankfurt am Main, Germany. It has been responsible for monetary policy in the Euro area since January 1, 1999, when the euro currency was first adopted by some EU members. The ECB Governing Council is the body within the ECB that actually takes decisions on euro zone monetary policy. The Council consists of six executive board members and the governor (or equivalent) of each member's national central bank. As membership of the Euro area has expanded, so has the number of governors in the Governing Council.

Explanation:

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Assume that the United States and India enjoy constant opportunity costs in the production possibilities shown in the table.

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The nation that has the absolute advantage in peanuts is India.

<h3>How to solve for the absolute advantage of these countries</h3>

a. The country that has the absolute advantage in the pounds of peanuts is India. They are able to produce 10 million worth of the product.

b. This is in the attachment

c. From the calculated opportunity costs, India has been shown to have the comparative advantage in peanuts so they have to specialize here.

The US on the other hand has to specialize in pecans because they have the comparative advantage in it.

d) The PPC for each country is a diagram

e. ) The terms of trade would be a pound of peanut for a pound of pec an for the countries.

Based on this the US would produce 10 units for pecans. They would use 5 units and exchange the remaining 5 units of pecans for 5 units of peanuts from India.

India is also going to do likewise.

Read more on production possibility curve here:

brainly.com/question/2601596

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