A currency board is set up to:
a. manage free-floating currencies.
b. gradually eliminate currency pegs.
c. give a peg added durability.
d. immediately eliminate currency pegs.
Ans: c. give a peg added durability.
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A country is said to be experiencing deflation when
A) prices of most goods and services are rising over time. B) prices of most goods and services are falling over time. C) total output is rising over time. D) total output is falling over time.
If a plaintiff believes there is a 30 percent chance they will win $200,000, a 40 percent chance they will win 100,000, and a 30 percent chance they will win nothing (zero), and the litigation cost is $50,000, what is the expected value of the litigation for the plaintiff?
A) $50,000 B) $100,000 C) $60,000 D) $125,000
An explanation for the low saving rate in the United States consistent with the demonstration effect includes:
A. highly-developed financial systems making it easy to buy homes with down payments under 15 percent. B. households spending beyond their means to keep up with community standards. C. large and persistent capital gains. D. relatively generous government assistance for the elderly and large down payments required for home purchases.
Approximately what percentage of the U.S. labor force works for U.S. governments at the federal, state, and local levels (as of 2011)?
A. 8. B. 13. C. 16. D. 22.