What are the main arguments presented against flexible exchange rates?
Arguments against flexible exchange rates are that international trade levels will be diminished due to the uncertainty of future currency prices and that the flexible rates would lead to inflation. Proponents of flexible exchange rates have strong counter-arguments to those views.
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Indicate whether the statement is true or false
Which of the following statements regarding OPEC is false?
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Indicate whether the statement is true or false
When marginal utility is negative, then total utility is
a. positive b. decreasing c. zero d. increasing e. infinite