The trade-off between coordinating or not coordinating policies for central banks is measured in terms of
A) inflation and the lowered effectiveness of policies.
B) wage inflation and increased effectiveness of policies.
C) speculative pressure and intra-marginal adjustments.
D) fixed and floating exchange rates.
A
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Economists often treat the economy's capital stock as fixed because
A) labor is a more important factor of production than capital, so economists ignore capital. B) it takes a long time for new investment and the scrapping of old capital to affect the overall quantity of capital. C) there is very little capital in the economy compared with the amount of labor. D) unless the interest rate changes, the capital stock doesn't change.
According to the Coase theorem, there will be an efficient solution to the problem of toxic waste: a. if the creator of the toxic waste is assigned the property right and the bargaining costs are high. b. if the victim of toxic waste is assigned the property right and the bargaining costs are high. c. regardless of which party is assigned the property right if bargaining costs are small
d. if the property rights are shared equally between the creator and the victim of the toxic waste.
If wages are above the MRP, a firm should employ more labor.
Answer the following statement true (T) or false (F)
"Born global" firms are those that step straight onto the world stage, making exporting the primary goal of the firm from day one of operations.
a. true b. false