Policy makers can select from a number of different exchange rate regimes and exchange rate policies. Which of the following policies would most likely represent a hard peg?
A) a revaluation
B) a devaluation
C) a flexible exchange rate regime
D) a dollarization
D
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Regulatory asymmetries can explain why the following places have become main Eurocurrency centers
A) the United States. B) Germany. C) Zurich, Somalia, and Mozambique. D) London, Luxembourg, and The United States. E) London, Luxembourg, and Hong Kong.
Supply curves are positively-sloped because of
a. inefficient allocation of resources. b. the law of diminishing returns. c. economies of scale. d. self-interested suppliers seeking economic profit. e. all of the above.
During 2003-2007, the price of crude oil increased substantially on the world market. Other things constant, how will an unanticipated increase in oil prices influence the general level of prices and real output of oil-importing nations such as the United States and Japan?
a. Both real output and the general level of prices will decrease. b. Both real output and the general level of prices will increase. c. Real output will increase, and the general level of prices will decrease. d. Real output will decrease, and the general level of prices will increase.
People who provide you with goods and services
a. are acting out of generosity. b. do so because they get something in return. c. have chosen not to become interdependent. d. are required to do so by the government.