Which of the following had prompted the Chinese authorities to stand ready to buy or sell dollars steadily and in large volume?
A. Huge current account deficit
B. Currency pegged to the dollar
C. Floating rate policy
D. Adherence to the old gold standard
Answer: B
You might also like to view...
The ability of an individual, firm, or country to produce a certain good at a lower opportunity cost than other producers is referred to as:
A) marginal advantage. B) absolute advantage. C) cardinal advantage. D) comparative advantage.
According to the textbook, which of the following methods for coordinating the supplies and demands for scarce goods tends to work best to enhance the freedom and power of people who want the goods?
A) A lottery B) Equal shares for all C) First come, first served D) Highest money bid E) Might makes right
_____ are most likely to be upwardly mobile within the income distribution of a country
a. Single-earner families b. College graduates c. People who experience unemployment d. Non-college graduates e. Retired individuals
The price elasticity for demand of health care has been estimated at a low-end value of ______.
a. 0.1 b. 0.2 c. 0.5 d. 1.0