One cause of low rates of marriage among black women is the decline in the pool of marriageable men
Indicate whether the statement is true or false
T
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According to utility theory, when total utility reaches a maximum, then marginal utility is:
A. Increasing B. Decreasing C. At a minimum D. Equal to zero
Floating exchange rates
A. float according to the laws of supply and demand. B. are fixed by speculators in foreign exchange markets. C. are rarely used in foreign exchange transactions. D. All of the choices are true characteristics.
In order to avoid the imposition of other types of trade barriers, foreign producers will sometimes agree to limit their exports to a country. What are these types of agreements called?
A) involuntary export restraints B) voluntary export restraints C) implicit quotas D) sanctions
Briefly discuss the primary features of the mercantilist philosophy. Mention two major criticisms of the mercantilist theory as put forward by Adam Smith and other economists.
What will be an ideal response?