The theory of optimal currency areas argues that social welfare is ________ when countries participate in ________

A) increased; a monetary union
B) decreased; a monetary union
C) increased; a managed float system
D) decreased; policy coordination


A

Economics

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The DOLS estimator has the following property if Xt and Yt are cointegrated:

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Many disagreements among economists result because:

A) economists deal only with positive economics. B) economists sometimes make normative judgments. C) economics is a social science. D) economics deals so much with theories and models.

Economics

Article XX of the World Trade Organization allows trade restrictions

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Economics