The Convertibility Law of April 1991 in Argentina
A) pegged the Argentinean currency to the US dollar at a ratio of one to one.
B) pegged the Argentinean currency to the US dollar at a ratio of one to two.
C) pegged the Argentinean currency to the US dollar at a ratio of one to 0.5.
D) represents an era of floating exchange rate in Argentina.
E) pegged the Argentinean currency to the British pound at a ratio of one to one.
A
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A) early 1960s. B) late 2000s. C) mid 1970s. D) early 1980s. E) early 1990s.
The political party that is in power determines the position and shape of the production possibilities frontier that constrains the choices of the economy
a. True b. False Indicate whether the statement is true or false
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A. the vertical distance between Curve 1 and Curve 2 at a given level of output. B. the vertical sum of Curve 1 and Curve 2 at a given level of output. C. the vertical sum of Curve 2 and Curve 3 at a given level of output. D. the vertical distance between Curve 2 and Curve 3 at a given level of output.
A firm's short-run supply curve is the firm's:
A. marginal revenue curve. B. marginal cost curve above the minimum point of the average total cost curve. C. marginal cost curve above the minimum point of the average variable cost curve. D. average cost curve, below the minimum point of the marginal cost curve.