If a country chooses to establish fixed exchange rates and an independent monetary policy, it gives up the ability to have ________
A) free capital mobility
B) an independent fiscal policy
C) capital controls
D) an independent physical policy
A
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How does the growth rate of real GDP contribute to an improved standard of living?
What will be an ideal response?
The most successful region of transition
a. Central Europe b. Russia c. Central Asia d. Belarus e. Afghanistan
As economic development in LDCs progresses,
A. children become an increasingly valuable economic asset. B. the birth rate eventually declines. C. consumption rises faster than production. D. fewer children survive to adulthood.
Which of the following relationships involves asymmetric information?
a. A recruiter for a college football team evaluates the performance of a high-school player.
b. A loan applicant knows more about the likelihood her business will be successful than the loan officer.
c. Someone considering buying running shoes looks at a number of online reviews by buyers.
d. All of the above are correct.