Which of the following has contributed to China's economic growth since 1980?
a. the rapid growth of foreign aid from European countries
b. nationalization of many private industries
c. increased restrictions on international trade
d. increased privatization of the agricultural and small-business sectors
D
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The Federal Reserve's credit policy refers to
A) the Fed's direct lending to homeowners and students. B) regulations on terms on credit cards that banks issue. C) a direct credit on bank depositors' saving and checking accounts. D) the Fed's direct lending to financial and nonfinancial firms.
In order to have an effect, a price ceiling must be set ________
A) above the equilibrium price B) equal to the equilibrium price C) below the equilibrium price D) by suppliers
What is seigniorage? What are the factors that determine whether a currency should emerge as the dominant reserve currency?
What will be an ideal response?
Investing in things with unrelated risk is:
A. the key to diversification. B. increasing the likelihood that a catastrophe will occur. C. irrational. D. None of these statements is true.