The majority of economists favor open capital flows
Indicate whether the statement is true or false
FALSE
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Prisoners in World War II POW camps traded products for other products, a process referred to as
A) central planning. B) advantage exchange. C) barter. D) rationing.
The year in which euro coins and paper currency were introduced and participating "euro zone" countries withdrew old domestic currencies from circulation was
A) 2007. B) 2002. C) 1999. D) 1995.
What is the present value of $1 that will be paid to you in 6 years if the interest rate is 10%? Work it out to the nearest tenth of a cent.
What will be an ideal response?
The functions of money are to serve as a:
A. determinant of consumption, investment, and government spending. B. resource allocator, method for accounting, and means of income distribution. C. unit of account, store of value, and medium of exchange. D. factor of production, exchange, and aggregate supply.