Fixed exchange rates allow countries to formulate their economic policies independent of other nations
a. True
b. False
Indicate whether the statement is true or false
False
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In which of the following situations would a firm be more likely to rely on a capital-intensive method of production?
A) When the rate of technological innovation is low. B) When capital is relatively expensive. C) When the firm's output cannot be produced using the assembly line method of production. D) When labor supply is limited relative to the available amount of capital.
In year 2008, 1334 million lbs of milk was produced and sold in U.S. This is
A) the decision of the U.S. department of agriculture. B) quantity determined by the interactions in the market. C) the maximum amount the producers could produce. D) what consumers needed.
Which of the following statements about the national debt has the most validity?
a. Our large national debt can bankrupt the nation. b. If only Americans hold the debt, then payments of interest and principal are simply transfers from some Americans to other Americans. c. Our large national debt can lead to subjection by the people (especially foreigners) who hold the debt. d. The national debt represents a burden to future generations who will have to make huge payments of interest and principal.
If the U.S. government runs a budget deficit (G ? T), that deficit must be financed by an excess of
a. T over G. b. C over T plus G. c. investment by American businesses and individuals. d. S over I by American businesses and individuals, or by borrowing from foreigners.