A currency board is set up to:
a. manage free-floating currencies.
b. gradually eliminate currency pegs.
c. give a peg added durability.
d. immediately eliminate currency pegs.
Ans: c. give a peg added durability.
Economics
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Suppose the current price of oil is $90 a barrel and the quantity supplied is 800 million barrels per day
If the price elasticity of supply for oil in the short run is estimated at 0.5, use the midpoint formula to calculate the percentage change in quantity supplied when the price of oil rises to $98 a barrel.
Economics
Households ________ factors of production and ________ goods and services
A) demand; supply B) demand; demand C) supply; supply D) supply; demand
Economics