An open peg might be an option for some nations that desire to:
A) close off capital inflows and outflows and fix currency rates.
B) allow the free flow of capital and fix currency rates.
C) allow the free flow of capital with flexible currency rates.
D) close off capital inflows and outflows with flexible currency rates.
Answer: B) allow the free flow of capital and fix currency rates.
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Your neighbor has just planted some fragrant flowers. The wonderful scent drifts into your room and makes you happy
A) This scent is an internal cost to you. B) This cannot be an externality since you are enjoying the scent. C) This is an externality since you get a benefit from your neighbor's flowers. D) The social cost of this activity is entirely borne by you neighbor.
Choose the statement about an effective minimum wage that is correct.
A. The minimum wage is a fair rule because otherwise? low-skill workers would earn a lower wage. B. The minimum wage imposes a fair rule because it is legislated by the government and passed into law by majority rule. C. The result of the minimum wage is fair because those who find jobs are the least well off. D. The result of the minimum wage is unfair because only those people who have jobs and keep them benefit from the minimum wage.
The FDIC
A. insures most bank deposits for up to $250,000. B. eliminates the need for bank depositors to run to their bank when they hear bad news about the bank. C. has been credited with reducing the number of bank failures since 1933. D. All of these responses are correct.
Refer to Figure 13.1. Assume the voting method used to select a location for the recreation center is the Borda-count method, where if a town gets ranked #1, it gets 3 points, a town ranked #2 gets 2 points,
a town ranked #3 gets 1 point, and a town ranked #4 gets no points. With this method, the town that gets the least number of points is A) Desert Sands. B) Glacier Cove. C) Mountain View. D) Oceanside.