Pell grants are money given to students attending college. Pell grants are most closely similar to
A) public provision of a good.
B) private subsidies given to producers of a good.
C) vouchers given to consumers of a good.
D) property rights assigned to consumers of a good.
E) a subsidy given to the producer of a good.
C
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If a firm wants to sell bonds in Tokyo to denominated in U.S. dollars
A) they would be selling a form of Eurobonds. B) they would have to sell the bonds in dollars first. C) the bonds could only be sold if the firm opened a Eurocurrency account first. D) their profits would have to be converted to yen.
International businesses like a fixed exchange-rate system because
A) they like large swings in currency values when devaluation or revaluation occur. B) they profit by speculating on devaluation or revaluation. C) they can plan better if they know what the exchange rate will be. D) fixed exchange rates are economically efficient.