The per-worker production function is ____ sloped and ____ at a(n) ____ rate
a. negatively; decreases; diminishing
b. negatively; decreases; increasing
c. positively; increases; increasing
d. positively; increases; diminishing
d
Economics
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Using the UIP equation, equilibrium in the short run occurs when
a) arbitrage is possible b) the spot rate is such that foreign and domestic investment returns are equalized c) the spot rate and forward rate are equalized d) foreign interest rates and domestic interest rates are equalized
Economics
In practice, the Bretton Woods system is best described as
A) an adjustable peg. B) a purely fixed exchange rate C) a gold exchange standard D) Both A and C
Economics