The failure of the Argentinean currency board can be attributed to many factors, including the:
A. prices of goods Argentine exported dropped significantly in the late 1990s hurting their economy.
B. failure right from the start to lower inflation.
C. pegging of the Argentine peso to the euro.
D. pegging of the Argentine peso to the U.S. dollar, even though the countries' economies were not that highly integrated.
Answer: A
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Use the following diagram to answer the next question.
In the diagram, solid arrows reflect real flows and broken arrows are monetary flows. Flow (4) might represent
A. the purchase of stealth bombers. B. personal income taxes. C. investment spending by private corporations. D. the services of NASA astrophysicists.
A dress manufactured in Hagen, Germany, costs 195 euros. What is the U.S. dollar value of the same dress if the exchange rate is $0.89 per euro?
a. $173.55 b. $165.43 c. $219.10 d. $187.61 e. $195.00
When a competitive firm is in long-run equilibrium, its accounting profits are greater than zero.
Answer the following statement true (T) or false (F)
When a business is considered by law to be a legal entity, it is known as a
A) partnership. B) conglomerate. C) corporation. D) proprietorship.