Which of the following is true of resources?
a. Their availability is unlimited
b. They are the inputs used to produce goods and services.
c. Increasing the amount of resources available could eliminate scarcity.
d. Both b. and c. are true.
b
Economics
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A hard peg may be achieved by all of the following except
A) following the rules of the Bretton Woods Agreement. B) dollarization. C) establishing a currency board. D) mutual agreements establishing a common currency.
Economics
Assume the U.S. government wants to hold the value of the dollar at $1.00 U.S. equals 10 Chinese yuan, but it finds that the value of yuan is depreciating against the U.S. dollar. What would be an appropriate policy to reverse this trend?
A) Increase government spending within the U.S. B) Buy U.S. dollars. C) Sell U.S. dollars. D) Increase the money supply in the U.S.
Economics