If the inflation rate falls fro 4% i 2005 to 2% in 2006, then

If there are negative externalities that spill across governmental borders, this provides a justification for _____

a. private action b. larger governments c. smaller governments d. intergovernmental competition

In the winter of 2001–2002, Argentina’s overvalued currency reflected a(n)

A. balance of payments surplus. B. balance of payments deficit. C. surplus of exports over imports. D. excess demand for Thai currency.