Thailand's experience with pegging the baht to the dollar failed because the baht was ________ relative to the dollar, and China's experience with pegging the yuan to the dollar has run into difficulties because the yuan has been ________ relative to

the dollar.
A) overvalued; undervalued B) undervalued; undervalued
C) undervalued; overvalued D) overvalued; overvalued

A

Economics

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Patents are a form of monopoly that society allows because they _____.

(A) Set up a situation in which only a few manufacturers can control an industry. (B) Give companies the right to decide who will be allowed to use their products. (C) Encourage firms to research and develop new products that benefit society as a whole. (D) Maintain an orderly way for companies to make a lot of money.

Economics

Throughout the 1970–2007 period, government's share of the increasing GDP was no more than a few percentage points away from

a. 10 percent of GDP b. one quarter of GDP c. one third of GDP d. one half of GDP e. two thirds of GDP

Economics