In order to smooth the influence of shocks throughout an economy, it is helpful for governments within a monetary union to have
A) ways to conduct fiscal transfers.
B) seignorage.
C) currency competition.
D) monetary autonomy.
A
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Overfishing leading to a rapid depletion of the stock of fish is an example of ________
A) the tragedy of the commons B) the free-rider problem C) the paradox of thrift D) the prisoners' dilemma
The president has influence on Federal Reserve policy because
a. he can veto any Fed policy. b. he appoints the board members and the chair. c. he can fire the chair. d. he can replace board members at any time.
If a supply curve is horizontal, then supply is said to be perfectly elastic, and the price elasticity of supply approaches infinity
a. True b. False Indicate whether the statement is true or false
The largest government-run health care system in the world, with 1.4 million employees, is in
A) Canada. B) Japan. C) the United Kingdom. D) the United States.