Answer:
b. The global financial crisis of 2008 threatened the EU by exposing differences in the economic strength of its member states.
d. The EU introduced the euro, a common currency that facilitates travel, trade, and investment.
Explanation:
Trade of factors and finished goods increased exponentially over the couse of the years after implementing the Euro
This makes possible a lot of new project and investment as it was a strong currency with virtually no risk of devaluation thus, very reliable. In the past, European currency will tend into depreciation and inflation. This doesn't occur with the Euro
Also whe nthe 2008 sub-prime crisis hit we manage to discover the great difference between the central power and the other nations such as ireland, spain, greece and portugal This were called (PIGS)
However is important to notice how Ireland has manage to leave those problem behind with a serious of reform after the crisis.
Answer:
I think the answer is D. All of the above
Explanation:
Answer:
I sold a used laptop for $139, even though I was willing to go as low as $130 in order to sell it - producer surplus PRODUCER SURPLUS
Even though I was willing to pay up to $147 for a watch and even though the seller was willing to go as low as $137 in order to sell it, we couldn't reach a deal because the government imposed a tax of $16 on the sale of watches. - neither NEITHER
Even though I was willing to pay up to $47 for a jersey sweater, I bought a jersey sweater for only $39. - CONSUMER SURPLUS
Explanation:
Producer surplus is the difference between the price of a good and the least amount the seller is willing to sell the product.
In this question, the producer surplus is $139 - $130 = $9
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.
In this question, the consumer surplus is $47 - $39 = $8
I hope my answer helps you
Answer:
Cognitive dissonance
Explanation:
Cognitive dissonance is the term which occurs or happen when the tension arises among the attitudes or beliefs of the person and the decision that contradicts with those pre- existing thinking modes.
In short, it means that it occurs when a person select among the two equally unappealing or equally attractive options.
So, in this case, Bill thinks that he had received the best deal for the car, but after purchasing, he noticed the disadvantages of the car as he learned regarding the new cars. Therefore, he is experiencing the cognitive dissonance.
