What is dollarization?
a. ?Pegging the value of a domestic currency against the market value of gold.
b. ?Pegging the value of a foreign currency against the U.S. dollar.
c. ?Maintaining an acceptable exchange rate based on government intervention.
d. ?Increasing the price of goods based on the supply of money.
e. ?Using the dollar or some other foreign currency together with or instead of a domestic currency.
Answer: e. ?Using the dollar or some other foreign currency together with or instead of a domestic currency.
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According to the new growth theory, ________ is the factor that motivates technological change
A) diminishing returns B) random chance C) decisions about how much human capital to acquire D) profit E) the replication of activities
Explain the problems that necessitate insurance management, and three methods insurance companies use to address these problems. Identify the problem that each practice addresses
What will be an ideal response?
Using a commitment strategy in:
A. a simultaneous game can alter payoffs, but has no effect in sequential games. B. a simultaneous game has no effect, but can alter the payoffs and outcome of sequential games. C. either a simultaneous or sequential game has little impact on payoffs or outcome. D. either a simultaneous or sequential game can greatly alter the payoffs and outcome of the game.
Under perfect competition the price of a depletable resource whose cost of extraction is not changing must rise at
a. the same rate as the increase in GDP. b. the same rate as the increase in consumer prices. c. the same rate as the rate of interest. d. a rate higher than the increase in the rate of interest.