The real exchange rate is the
A) relative price of U.S. produced output relative to foreign-produced output.
B) price of foreign goods relative to the price of domestic goods.
C) trade-weighted index.
D) current account balance.
A
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Which one of the following statements is false?
a. Global warming and ocean pollution are examples of global commons issues b. Solving problems with global commons usually requires international cooperation c. Problems with the global commons are becoming more prevalent as human economic activity increases d. Problems with global commons occur because countries view their global environmental impacts as externalities e. Solving problems involving global commons is not possible because of free rider effects
A fiduciary monetary system is
A. one which cannot have any inflation. B. dependent on the public's faith to accept the currency. C. fully backed by gold. D. dependent on barter for exchanges of goods and services.