It has become largely accepted since the end of the Bretton Woods agreement that:
a. the gold standard was superior to anything that has come along since
b. governments have no role whatsoever in determining exchange rates.
c. it is not necessary for governments to fix exchange rates for long periods of time.
d. floating rates simply have not worked.
c
Economics
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A tax on the sellers of coffee mugs
A. decreases the size of the coffee mug market. B. may increase, decrease, or have no effect on the size of the coffee mug market. C. has no effect on the size of the coffee mug market. D. increases the size of the coffee mug market.
Economics
If the United States is a "net borrower" from abroad,
A) national saving is less than domestic investment. B) net foreign investment must be positive. C) net capital flows must be negative. D) the United States must be exporting more than it is importing.
Economics