Proponents of fixed exchange rates argue that the predictability of the fixed exchange rate:
A. allows monetary policy to be used to stabilize the domestic economy.
B. decreases trade and economic integration.
C. increases trade and economic integration.
D. prevents exchange rate overvaluation.
Answer: C
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If a sum of $15,000 is borrowed at 13% for a year, the interest paid by the borrower is ________
A) $750 B) $1,000 C) $1,950 D) $5,500
The United States has free trade agreements with what countries?
a. Canada and Mexico b. Canada, Mexico, Great Britain c. Canada, Israel, Jamaica, Bahamas d. Canada, Mexico, Israel
Because poverty is so pervasive, poor countries are not able to experience economic growth.
Answer the following statement true (T) or false (F)
Labor productivity is computed as
A. per capita real GDP divided by the number of workers. B. real GDP divided by the number of workers. C. real GDP divided by population. D. per capita real GDP divided by population.