Who would agree with this statement: We live in an increasingly borderless world, in which international capital flows are rendering traditional monetary policy increasingly obsolete.
A. Kenichi Ohmae
B. Marc Levinson
C. Both Kenichi Ohmae and Marc Levinson would agree.
D. Neither Kenichi Ohmae nor Marc Levinson would agree.
C. Both Kenichi Ohmae and Marc Levinson would agree.
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A structured and simplified version of reality that can be used to explain real-world behavior is called
A) an economic model. B) a rationality assumption. C) a postulate. D) a normative alternate reality.
In the liquidity trap a small change in interest rates produces ________ change in the quantity of money demanded
A) a small B) no C) a proportionate D) a very large
Which of the following countries ran a trade surplus in 2013, yet its current account balance is $2.8 billion.
a. India b. China c. The Democratic Republic of Congo d. Taiwan
The intersection of the average variable cost curve and the marginal cost curve is called the zero-profit point
a. True b. False Indicate whether the statement is true or false