Prior to 1973 governments around the world operated on ______.
a. the dirty float system
b. the Bretton Woods system
c. a fully flexible rate system
d. no exchange rate system
b. the Bretton Woods system
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Which one of the following is not a possible limitation of using the Coase theorem to guide environmental policy?
a. The free rider effect b. Poor communities are likely to bear a high proportion of environmental costs c. Voluntary transactions cannot protect the environment d. Transactions costs are likely to be high when many parties are involved
What is the link between purchasing power parity, inflation and the exchange rate?
What will be an ideal response?
Which of the following are NOT part of the World Bank?
A. International Development Association B. International Center for Settlement of Investment Disputes C. Federal Reserve Bank of New York D. Multinational Investment Guarantee Agency
Which of the following would be categorized as "land"?
A) timber B) human capital C) buildings D) entrepreneurship