Which of the following statements are correct?
What will be an ideal response?
Economists using the classical dichotomy distinguish between variables measured in monetary units from those measured in physical units.
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The Eurodollar market's early growth was stimulated by the Cold War between the United States and U.S.S.R. Why?
A) Soviets feared the U.S. might confiscate dollars place in American banks if conditions of Cold War were to worsen. B) The United States didn't feel safe holding as many dollars in American banks. C) The Cold War did not stimulate the Eurodollar market's early growth. D) Developing technologies required larger money transfers than central banks could handle. E) Soviets developed a new banking system with new allies developed during the tension.
________ within the U.S. can make loans to foreigners but cannot make loans to domestic residents
A) Edge Act corporations B) International Banking Facilities C) Universal banks D) Euro banks
According to Edward Denison, the United States has experienced
a. diseconomies of scale. b. economies of scale. c. constant returns to scale. d. None of the above
Lydia was born with an aptitude for composing music. This aptitude is an example of
A. property. B. natural capital. C. human capital. D. a compensating differential.