Traditionally, the major objection to flexible rates was that they ______.
a. introduce considerable uncertainty into international trade
b. were controlled solely by the U.S. government
c. require special financial borrowings or reserve movements
d. can result in currency shortages
a. introduce considerable uncertainty into international trade
You might also like to view...
Canada is a major world producer and exporter of wheat and a great percent of its GDP is derived from this one good. The Canadian parliament may vote to restrict trade and justify its restrictions using the
a. cheap foreign labor argument b. antidumping argument c. national security argument d. infant industries argument e. diversity of industry argument
Firms have market power in:
A. perfectly competitive markets. B. monopolistically competitive markets and monopolistic markets. C. monopolistically competitive markets. D. monopolistic markets.
All of the following are income in kind EXCEPT
A) income received from family members. B) services produced in the home. C) government provided food stamps. D) government provided medical aid.
Which of the following involves using resources to produce the maximum amount of goods and services?
a. utilization b. underutilization c. efficiency d. overefficiency