Which of the following countries has gone so far as to adopt the U.S. dollar as its domestic currency?
a. Panama
b. Ecuador
c. Zimbabwe
d. all of the above
d
You might also like to view...
In the late 1970s, the inflation rate was over 10 percent per year. Many home mortgage lending institutions had mortgages outstanding that had been made in the 1960s at nominal interest rates of around 5 percent per year
Many of these lending institutions failed. What can explain the high failure rate of lenders in the late 1970s?
The fact that more women have chosen to work as real wages rise is evidence that, for them
a. leisure is an inferior good. b. income and substitution effects of higher real wages work in the same direction. c. income and substitution effects of higher real wages may work in opposite directions. d. income and substitution effects may work in opposite directions but that the substitution effect is stronger.
According to the text, today's Lorenz curve is
A. a vertical line. B. less bowed than in 1929. C. a straight line. D. more bowed than in 1929.
Real demand for money is positively related to the level of real income in the economy
Indicate whether the statement is true or false