Compared to dollarization, a currency board
A) has a flexible exchange rate.
B) has a separate currency.
C) conducts independent monetary policy.
D) is the same institution.
B
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In the above figure, which point corresponds to an increase in human capital?
A) Figure A B) Figure B C) Figure C D) Figure D
Suppose the Chinese government regulates the price of food and forbids firms from setting a higher price. In this case the government is setting a
A) price floor. B) price ceiling. C) quota. D) tax.
Which one of the following is not true?
a. An exchange rate is the price of one currency in terms of another. b. An exchange rate is the means by which the price of a good in one country is translated into the price to the buyer in another country. c. The cost of a foreign good in dollars will depend on the current exchange rate. d. The exchange rate will affect the willingness of foreign buyers and sellers to trade with each other. e. The exchange rate is the price of a currency in terms of another currency for exchanges of goods and services but not for financial transactions.
Which of the following lies primarily within the realm of microeconomics?
a. an empirical analysis of the relationship between the growth of the money supply and the rate of inflation b. an economic model forecasting the impact of a tax increase on consumer spending and national output c. a study of supply and demand conditions in the market for orange juice d. a model forecasting the impact of a change in interest rates on the level of investment in the economy