In the early 1970s, the U.S. ran large balance of payments ________, causing an ________ dollar and an ________ German mark
A) deficits; undervalued; overvalued
B) deficits; overvalued; undervalued
C) surpluses; undervalued; overvalued
D) surpluses; overvalued; undervalued
B
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Hotelling's model has been used to describe differentiation in the political "market." Suppose that 100 voters are evenly distributed between the extreme left and the extreme right on the political spectrum, and that all voters vote, and they always vote for the candidate closest to them on this spectrum. The numbers on this spectrum represent the number of voters lying to the left of the number. So, at the midpoint, fifty voters lie to the left and fifty to the right. At the extreme right end, all 100 voters lie to the left. 
width="553" />If Candidate Y is running against Candidate Z: A. Both candidates will have an incentive to move to the left. B. Both candidates will have an incentive to move toward each other's position. C. Candidate Y will have an incentive to move to the left, and Candidate Z will have an incentive to move to the right. D. Neither candidate has any incentive to move.
Why do poor countries often have lower rates of economic growth than richer countries?
What will be an ideal response?
What is an oligopoly?
What will be an ideal response?
The third stage in the regulatory process is
A) a crisis. B) response by the financial system. C) regulation. D) regulatory response.