One purpose of the currency board adopted in Argentina in 1991 was to ________
A) encourage capital mobility
B) make monetary policy more effective
C) stabilize the exchange rate between the Argentine peso and the currencies of Argentina's major trading partners
D) put an end to speculative attacks on the Argentine peso
A
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Use the following graphs to answer the next question.
"The bigger the volume, the lower the cost, and we pass the savings on to you" is a familiar slogan. Its idea is illustrated in which of the above graphs?
A. Graph 1 B. Graph 2 C. Graph 3 D. Graph 4
If the demand curve for comic books is expressed as Q = 10,000/p, then demand has a unitary elasticity
A) only when p = 10,000. B) only when p = 100. C) always. D) never.
Which of the following statements about concentration ratios is correct?
A) A high concentration ratio indicates that the industry is a monopoly. B) A high concentration ratio indicates that the industry is monopolistically competitive. C) A high concentration ratio suggests that the industry is characterized by strategic independence. D) A high concentration ratio suggests that the industry is characterized by strategic dependence.
Economists most often disagree over positive rather than normative economic issues
a. True b. False Indicate whether the statement is true or false