Where would a country such as Japan get U.S. dollars in order to engage in managed float?
a. It would print them.
b. It would use its reserve of dollars.
c. It would sell yen on the open market in exchange for U.S. dollars.
d. Since Japan's currency is the yen, it would not be able to obtain U.S. dollars.
e. It would borrow U.S. dollars form the U.S.
B
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Suppose Russia can produce either 600 pianos or 400 HDTVs, and Italy can produce either 300 pianos or 150 HDTVs. Implicitly, Russia has
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