Under both the gold standard and the gold exchange standard countries bought and sold U.S. dollars to maintain a fixed exchange rate with the dollar
a. True
b. False
Indicate whether the statement is true or false
False
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There are asymmetric incentives to support and to oppose protectionist trade policies, with the stronger incentives going to those that would seek protection
Indicate whether the statement is true or false
Suppose the required reserve ratio is 100%. Explain if the Federal Reserve could still change the money supply with open market operations?
What will be an ideal response?
An example of a payoff in a game would be:
A. a salary. B. winning an election. C. having clean drinking water. D. All of these are examples of payoffs.
How does empirical analysis relate to positive statements?
a. Positive statements are testable; empirical analysis is contestable. b. Both empirical analysis and positive statements collect data. c. Positive statements prove the validity of empirical analysis. d. Empirical analysis tests positive statements by collecting data.