Higher interest rates will, all else equal:
A. increase the extraction cost of a resource.
B. increase the user cost of extracting a resource.
C. reduce the user cost of extracting a resource.
D. have no impact on either the user cost or extraction cost of a resource.
Answer: C
Economics
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Which of the following lists of exchange-rate systems is arranged in proper historical order, from earliest to most current?
A. Bretton Woods system, gold standard, managed float. B. Gold standard, managed float, Bretton Woods system. C. Managed float, Bretton Woods system, gold standard. D. Gold standard, Bretton Woods system, managed float.
Economics
Gain from trade is the increase in total production due to specialization allowed by trade.
Answer the following statement true (T) or false (F)
Economics