An international financial crisis is most often caused by
A) foreign investments and loans being withdrawn from a nation.
B) a drop in the value of the U.S. dollar.
C) a nation's central bank lowering domestic interest rates.
D) a government refusing to pay its dues to the United Nations.
A
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Which of the following is an explicit cost in Jim's business venture?
A) the salary Jim could have earned at another job B) the interest Jim does not earn because he invested his savings in his business C) the wages Jim pays his workers D) Jim's normal profit E) Answers A, B, and D are correct.
Explain what is meant by excess demand or s shortage
What will be an ideal response?
Need establishes eligiblility for Social Security benefits
Indicate whether the statement is true or false
Adam Smith's invisible hand principle stresses the tendency of
A) government regulation to bring the self interest of individuals into harmony with the economic welfare of society. B) compassion to encourage productive economic activity. C) the competitive market process to direct self-interested individuals into activities that enhance the economic welfare of society. D) self-interested individuals to pursue activities that benefit themselves, but harm the overall economic welfare of society.