Argentina's government established a currency board to
A. coordinate internal growth policies.
B. signal its commitment to stop the country's hyperinflation.
C. boost its export demand.
D. minimize the impact of large international capital flows.
Answer: B
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Indicate whether the statement is true or false
When economic growth is compared between countries, the best measure to use is
A) nominal GDP. B) real GDP. C) chain-weighted GDP. D) real GDP per capita.
Suppose the interest rate on a bond is 12.5 percent and that bond pays $90 a year in interest and sells for $720 . If the supply of bonds increases and the price of the bond falls to $600, the interest rate will ____ to ____
a. increase; 15 percent b. increase; 17.5 percent c. decrease; 7.5 percent d. decrease; 10 percent e. increase; 13 percent
In the short run average costs eventually ________ because of diminishing returns, and in the long run average costs eventually ________ because of diseconomies of scale.
A. decrease; decrease B. decrease; increase C. increase; increase D. increase; decrease