The current world exchange rate system is usually described as an adjustable peg system.
Answer the following statement true (T) or false (F)
False
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According to the textbook, when a foreign government provides aid to a poor nation, it
A) interferes in the domestic affairs of the poor nation. B) behaves in the interest of the poor nation. C) pursues the global interest. D) does all of the above. E) does none of the above.
Knowledge capital is
A) rival. B) nonrival. C) nonexcludable. D) both B and C
If the economy is inflationary, the Fed would most likely:
a. encourage banks to provide loans by buying government securities. b. encourage banks to provide loans by raising the discount rate. c. encourage banks to provide loans by selling government securities. d. restrict bank lending by selling government securities. e. restrict bank lending by lowering the federal funds rate.
What is the main goal of most people in a nation that has a traditional economic system?
a. to make a significant profit b. to produce weapons instead of consumer goods c. to produce innovative new products that improve the quality of life d. to survive and not starve to death