Which of the following does NOT describe why Britain adopted the pegged system (the Exchange Rate Mechanism [ERM]) in 1990?
A) There were benefits to trade and other forms of cross-border exchange.
B) Britain wanted to hold onto the pound as its currency.
C) It was a member of the European Union and fixed rates were good for trade with other members.
D) It hoped to participate in the new common currency when it was launched.
Ans: D) It hoped to participate in the new common currency when it was launched.
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Indicate whether the statement is true or false
Which statement concerning powers granted the President of the United States by the Taft-Hartley Act is TRUE?
A) The President can obtain an injunction that will stop a strike, if the strike involves government workers only. B) The President can require management to negotiate with a union and if the firm's management refuses, the President can appoint an arbitrator to resolve the conflict. C) The President can obtain an injunction that will stop a strike for an eighty-day "cooling off" period if the strike is expected to imperil national safety or health. D) The President can obtain an injunction that will stop a strike indefinitely.