With floating exchange rates
A) monetary policy is effective.
B) fiscal policy is ineffective.
C) monetary and fiscal policy are effective.
D) fiscal and monetary policy are ineffective.
A
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Explain why privatization can help the economy become more efficient
What will be an ideal response?
In the market for their services, workers face a trade-off between ________
A) higher and lower wage jobs B) equilibrium and non-equilibrium solutions C) labor and leisure D) diminishing and increasing marginal productivity
___________ is the payoff/earnings from a particular gamble.
Fill in the blank(s) with the appropriate word(s).
Assume the United States and Australia have the same amount of resources. In a given time period, the United States can produce 2 tons of beef or 200,000 cars. Australia can produce 1 ton of beef or 100,000 cars. This means that
A. Australia has an absolute advantage in both beef and cars. B. The United States has a comparative advantage in beef. C. The United States has an absolute advantage in both beef and cars. D. Australia has a comparative advantage in cars.