The fundamental reason to study economics is to study

Pegging a country's exchange rate to the dollar can be advantageous in all of the following situations except

A) if investors believe the dollar to be more stable than the domestic country's currency. B) if a country wishes to conduct independent monetary policy. C) if imports are a significant fraction of the goods the country's consumers buy. D) if the country has extensive trade with the United States.

Nonsmoking sections in restaurants are designed to

a. prevent third parties from causing a market failure b. increase demand by achieving market equilibrium c. prevent free riders from incurring a negative externality d. prevent third parties from incurring a negative externality e. achieve market equilibrium which cannot be achieved without the designated sections