Why is the international financial system today often called a "nonsystem?"
There is no grand organizing principle in the international financial system today. Some currencies are still pegged in the old Bretton Woods manner. A few small countries, such as Panama and Ecuador, have taken the more extreme step of actually adopting the U.S. dollar as their domestic currencies. Other nations tie their currencies to a hypothetical "basket" of several currencies, rather than to a single currency. More nations, however, let their exchange rates float, although not always freely. But governments do not hesitate to intervene to moderate exchange movements whenever they feel such actions are appropriate. Thus, the international financial system is so diverse that it is often called a "nonsystem."
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A) total cost curve. B) marginal cost curve. C) total benefit curve. D) marginal benefit curve. E) deadweight loss curve.
Overuse of a common resource may be avoided by all of the following methods except
A) charging for the use of a common resource. B) government taking over ownership of all private common resources. C) setting quotas or legal limits on the quantity of the common resource consumed. D) issuing tradable permits for the use of a common resource.
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A) mega processing. B) marginal utility. C) the Internet of Things. D) big data.
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A. increased the dollar price paid and decreased the peso price received for Mexican goods imported into the U.S. B. decreased both the dollar price paid and the peso price received for Mexican goods imported into the U.S. C. increased both the dollar price paid and the peso price received for Mexican goods imported into the U.S. D. decreased the dollar price paid and increased the peso price received for Mexican goods imported into the U.S.