Because the United States was the reserve-currency country under the Bretton Woods system, it could run large balance of payments ________ without ________ significant amounts of international reserves
A) deficits; losing
B) deficits; gaining
C) surpluses; losing
D) surpluses; gaining
A
Economics
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The standard of living in an economy is best measured by:
A. output per person. B. total output. C. average labor productivity. D. the inflation rate.
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What causes demand-side inflation? What causes supply-side inflation?
What will be an ideal response?
Economics
Higher interest rates
A. Raise the present value of future payments. B. Lower the future value of current dollars. C. Reflect a higher opportunity cost of money. D. Result in a higher risk premium.
Economics
When a government bans prostitutions, it may do so because it considers prostitution to be a:
A. progressive good. B. regressive good. C. public good. D. demerit good.
Economics