Question

6) When a country does not meet the requirements of the SGP, it is declared in...

6) When a country does not meet the requirements of the SGP, it is declared in excessive deficit by the Council. What is the sanction imposed

Select one:

a. Fine of 0.2 per cent of the delinquent’s GDP. Resources are frozen until the procedure is lifted

b. Fine of 0.5 per cent of the delinquent’s GDP, and an additional 0.2 per cent of GDP for further non-compliance

c. Fine of 0.5 per cent of the delinquent’s GDP. Resources are frozen until the procedure is lifted

d. Fine of 0.2 per cent of the delinquent’s GDP, and a up to 0.5 per cent of GDP

7)

Whether the debt legacy of many EU countries is bearable or not, triggered a lot of debate. Among the many controversial solutions, the more discussed are:

Select one or more:

a. Bailouts

b. Public debt restructuring

c. Stress tests

d. Eurobond

12)

The main area of centralization in the EU has been:

Select one:

a. Policies affecting the single market

b. Labour market policies

c. Social policies

d. All of the above

13)

Most preferential trade agreements in the world are “free trade agreements” rather than customs unions like the EU. This is because

Select one:

a. Economic advantage

b. All of the above

c. Trade barriers

d. Political integration

15)

Indicate the combination of facts that are true:

(i) European integration has been accompanied by a great relocation of industry among nations

(ii) The little movement that there has been tends to lean in the direction of manufacturing activities having become more geographically concentrated across nations.
(iii) Most European nations have become more specialized on a sector-by-sector basis;
(iv) At the subnational level, we see that industry is become more concentrated spatially.

Select one:

a. Points (i) to (iii) are true

b. Only points (i) and (iii) are true

c. All points are true

d. Only points (iii) and (iv) are true

Clear my choice

16)

Of the following four answers only one does not provide an economic reason for having transferred the powers from Member States to the EU with respect to competition policy

Select one:

a. The exclusive competence of the EU in the competition policy area gives the EU and EU markets credibility and negotiation power vis-à-vis other trading areas and trade powers in the world.

b. Competition policy is an insurance policy of the EU against anti-competitive behavior from countries outside the European Union, thus securing the EU towards non-tariff trade barriers.

c. The creation of the Common Market is the creation of a large market across borders in the EU member states. The Competition policy of the EU could thus be seen as an instrument to deal with these cross border issues.

d. Competition policy is about correcting market failures. Correcting market failures is always an argument for transferring powers to a higher level of governance like the EU

Clear my choice

18)

Which of the following statements represent a correct description of what happens under perfect collusion in the BE-COMP diagram setting?

(More than one answer is correct):

Select one or more:

a. Perfect collusion is easily maintained by firms

b. Under perfect collusion the total number of firms theoretically could be 2n

c. Under perfect collusion the price that can be taken in the merged market can be compared to a monopoly price where the firms act as though they were only one single firm
actthough they were only one single firm

d. Under perfect collusion the size of firms are higher than under full competition

14)

Which of these institutions is formed by one representative from each EU member

Select one:

a. The Commission

b. None of the above

c. The European Council

d. Council of the European Union

Clear my choice

21)

The Taylor rule states that the following variables affect the interest rate position: i) the deviation of inflation from its (implicit or explicit) target ii) the money growth iii) the output gap, which is the difference between actual and potential GDP, measured as a percentage of potential GDP iv) the velocity of money

Select one:

a. iii) and iv)

b. i) and ii)

c. i), iii and iv)

d. i) and iii).

Clear my choice

24)

We know that one country’s fiscal policy actions can help or hurt other countries. Which of this statement about fiscal policy spillovers is true (Select all that apply)

Select one or more:

a. All of the above

b. A low degree of synchronization means fewer asymmetric shocks

c. High interest rates have a negative effect on long economic growth

d. Heavy borrowing from one country is a sign of fiscal indiscipline

25)

The joint rescue operation decided in Europe in May 2010 was called

Select one:

a. EBC

b. PSI

c. EFSF

d. Troika

Clear my choice

Homework Answers

Answer #1

6). Fine of 0.5 percent of the deliequent's gdp resources are frozen until the procedure is uplifted.

7) public debt restructuring.

12). All of the above

13) economic advantage

15) only point 1 and 3 true

16) The creation of the Common Market is the creation of a large market across borders in the EU member states. The Competition policy of the EU could thus be seen as an instrument to deal with these cross border issues.

18) perfect collusion is easily maintained by firms

14) the european council

21) 1, 2, 3

24) all of the above

25) EBS

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
22. The needs of producers and consumers are BEST met at a point called _______________. A...
22. The needs of producers and consumers are BEST met at a point called _______________. A market equilibrium B supply equilibrium C demand equilibrium D market ceiling 19. A policy that makes use of protective tariffs and quotas is called _______________. A trade-wise decisions B protectionism C free trade D productivity boosters 18. Since we cannot have everything we want, we have to _______________. A face the problem of scarcity B make trade-offs C make choices D all of these...
Which of the following statements is TRUE? Select one: a. A firm should enter an industry...
Which of the following statements is TRUE? Select one: a. A firm should enter an industry if average costs are less than producer surplus. b. Fixed costs fall as firms produce more output, the so-called “spreading of the costs.” c. Entry and exit from an industry depend on the firm's market share. d. High profits in an industry give entrepreneurs an incentive to enter that industry. Clear my choice Question 32 Not yet answered Points out of 1 Flag question...
At the interest rate of 5%, the people of the country of Rupertopia are willing to...
At the interest rate of 5%, the people of the country of Rupertopia are willing to lend $10,000 to local business, while local businesses are willing to borrow $20,000. When the interest rate rises to 10%, the quantity of loans supplied increases to $20,000, while the quantity of loans demanded drops to $10,000. Because the people of Rupertopia are suspicious of outsiders, all financial transactions happen between locals. Assume both supply and demand curves for loanable funds are linear. Suppose...
At the interest rate of 5%, the people of the country of Rupertopia are willing to...
At the interest rate of 5%, the people of the country of Rupertopia are willing to lend $10,000 to local business, while local businesses are willing to borrow $20,000. When the interest rate rises to 10%, the quantity of loans supplied increases to $20,000, while the quantity of loans demanded drops to $10,000. Because the people of Rupertopia are suspicious of outsiders, all financial transactions happen between locals. Assume both supply and demand curves for loanable funds are linear. Suppose...
If the 1 month Federal Funds Futures price is 97.50 and the 6 month Federal Funds...
If the 1 month Federal Funds Futures price is 97.50 and the 6 month Federal Funds Futures price is 96.50, the market is anticipating that in the coming months, the Fed Funds interest rate will do what? Select one: A. cannot tell from the information B. increase C. decrease D. remain the same Clear my choice
According to the neutrality of money property, how does once-and-for-all increase in the aggregate quantity of...
According to the neutrality of money property, how does once-and-for-all increase in the aggregate quantity of money affect the interest rate i in the long run? Select one: a. Not enough information to answer the question. b. i increases c. It does not affect i d. i decreases 2. In the Solow Model with no technological changes, when capital depreciates faster than it is accumulated we may conclude that the capital stock per worker: Select one: a. will rise if...
(This question refers to the MRU video 'The Costs and Benefits of Monopoly'.) The major cost...
(This question refers to the MRU video 'The Costs and Benefits of Monopoly'.) The major cost of monopoly is that: Select one: a. market output is too high. b. the price is too high. c. it is inefficient. d. there is only one producer. Clear my choice Question 42 Not yet answered Points out of 1 Flag question Question text Firm profit is defined as: Select one: a. total revenue minus total cost. b. total revenue plus total cost. c....
I observed whether or not passers-by in front of my house observed the 6 foot social...
I observed whether or not passers-by in front of my house observed the 6 foot social distance requirement. I recorded a 1 if the passer-by observed the rule and a 0 if the passer-by did not observe the rule. Here is the tally for a sample of 8 passers-by. 1 1 0 0 0 0 1 0. You may treat this tally as a sample from a distribution of binary choices people make on my street. Using the data from...
61. A country is most likely to eliminate the consumption of imports by a/an _______________. A....
61. A country is most likely to eliminate the consumption of imports by a/an _______________. A. protective tariff B. import quota C. Revenue tariff D. export quota 60.The purpose of expansionary fiscal policy is to _______________. A. prevent hyperinflation B increase output C increase the separation between government and private industry D slow the growth of GDP 57. All of the following are tools of supply-side economics EXCEPT _______________. A cutting spending for government, social and regulatory programs B deregulating...
A decrease in the price of flour to bakeries in a competitive market will result in...
A decrease in the price of flour to bakeries in a competitive market will result in Select one: a. a decrease in equilibrium price and an increase in equilibrium quantity of bread. b. an increase in equilibrium price and a decrease in equilibrium quantity of bread. c. an increase in equilibrium price and an increase in equilibrium quantity of bread. d. a decrease in equilibrium price and a decrease in equilibrium quantity of bread. Clear my choice Question 2 Not...