A speculative attack:
A. can occur with any currency.
B. can occur to currencies with fixed exchange rates.
C. can occur to currencies with floating exchange rates.
D. are illegal and no longer occur.
Answer: B
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Dutch Disease is associated with a dramatic decline in the demand for a primary commodity produced by a country
a. True b. False Indicate whether the statement is true or false
The growing federal budget deficit in the 1980s was accompanied by a
A. growing trade surplus. B. growing trade deficit. C. shrinking trade deficit. D. shrinking capital account surplus.
Which of the following can be considered an example of cyclical unemployment?
a. A recent graduate searching for his first job b. A ski instructor looking for a part-time job during the summer c. An engineer looking for a new job after losing his job during a recession d. A typist looking for a new job as his skills are not needed in the current labor market
Scarcity forces society to confront three critical issues. List those issues and explain how they are related to the problem of scarcity.
What will be an ideal response?