In Latin America, countries like Brazil and Mexico have found it necessary to grant their central banks more independence in order to
A. maintain higher levels of political stability.
B. promote economic growth and employment.
C. counteract high rates of inflation.
D. deal with the consequences of globalization.
Answer: C
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Describe inflation targeting rule as a monetary policy. What are its benefits?
What will be an ideal response?
In 2006, the European Union tariff on imported bananas from Latin America was €176 a ton. Suppose 2
5 million tons of bananas were imported in 2006 but then the tariff decreased to €152 a ton in 2007 and as a result, 3 million tons were imported in 2007. What is the tariff revenue in 2007? A) €445,000,000 B) €528,000,000 C) €440,000,000 D) €375,000,000
Refer to Figure 4-1. If the market price is $3.50, what is the consumer surplus on the first ice cream cone?
A) $0 B) $0.50 C) $3.50 D) $9.00
Into which category of aggregate expenditure would each of the following transactions fall?
a. Sandra MacMillian purchases a new Ford Focus. b. The city of Richardson buys 5 new garbage trucks. c. Adrian Garcia buys a newly constructed townhome. d. A consumer in Latvia orders an iPhone from Apple. e. Ford Motor Company buys 300 new iPhones from Apple.