While rent subsidies have some disadvantages, one advantage of rent subsidies is _____
a. administrative costs are low
b. there is little chance of fraud
c. the renter can chose from among different housing qualities
d. renters have a strong incentive to shop carefully
c
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Refer to Figure 19-10. Under the Bretton Woods System of exchange rates, if the par exchange rate was $4 per pound in the figure above, then which of the following is true?
A) The Bank of England would have to buy 0.7 million pounds per day with dollars. B) The par exchange rate is below the equilibrium rate, causing a shortage of domestic currency. C) There is a shortage of pounds equal to 0.7 million. D) The Bank of England would have to sell 0.7 million pounds per day in exchange for dollars.
Prior to the mid-1980s, almost all loans extended by the International Monetary Fund were repaid on time.
Answer the following statement true (T) or false (F)