Dollarization is a method to
A. allow limited flexibility in the country's exchange rate.
B. sterilize interventions by the central bank.
C. remove exchange-rate risk.
D. increase the country's seigniorage profit.
Answer: C
Economics
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a. are nonintersecting. b. are contour lines of a utility function. c. are negatively sloped. d. All of the above.
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If the quantity of a good supplied is not very sensitive to the price of the good, economists say the supply of the good is relatively
a. inelastic. b. elastic. c. robust. d. inverse.
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