Governments that chose to make endangered elephants private goods have met with more success protecting elephants than governments that chose to make killing elephants illegal
a. True
b. False
Indicate whether the statement is true or false
True
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If a country has a current account balance of $100 billion and the official settlements account balance is zero, then the country's capital and financial account balance must be
A) negative but not necessarily equal to -$100 billion. B) equal to -$100 billion. C) equal to $100 billion. D) positive but not necessarily equal to $100 billion. E) zero.
Compared to a system of fixed exchange rates, currency unions are beneficial because they
A) allow exchange rates to float. B) allow every country to have an independent monetary policy. C) reduce the costs of trading goods and assets. D) restrict what countries can do with fiscal policy.
If you know the required reserve ratio, then you know how much each bank is holding in reserves
a. True b. False Indicate whether the statement is true or false
The price of a given basket of goods in Year 1 was $1,300. The price of the same basket of goods in Year 2 was $1,560. The CPI for Year 2 taking Year 1 as the base year is ________.
A) 101 B) 120 C) 156 D) 100