A fiduciary monetary system is dependent on
A) acceptability and predictability of value.
B) precious metals backing fiat money.
C) Congressional monetary support.
D) a negative inflation rate.
A
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If country A has a larger trade triangle than country B, reciprocal demand will lead to an increase in the relative price of A's imports
Indicate whether the statement is true or false
A camera manufacturer will sell its cameras only to retailers who agree to buy its brand of film. This is an example of
a. price discrimination b. exclusive dealing c. a tying contract d. interlocking directorates e. a trust
When Mexico suffered from capital flight in 1994, Mexico's real interest rate
a. fell and the peso appreciated. b. fell and the peso depreciated. c. rose and the peso appreciated. d. rose and the peso depreciated.
Increases in the value of a product to each user, including existing users, as the total number of users rises are called:
A. information cascades. B. network effects. C. scale economies. D. learning effects.