Persistent negative current account balances will lead to ____
a. c and d
b. d and e
c. budget deficits
d. appreciation of foreign currency
e. depreciation of domestic currency
b
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Suppose a fashion designer wins a bid to design clothes for the characters of a movie. During his work he finds out that the payment he receives would not only cover his production costs but also earn him profits. The producer of the movie can be said to be facing a winner's curse
Indicate whether the statement is true or false
Fire protection is a
a. club good, because it is excludable but not rival in consumption. b. club good, because it is rival in consumption but not excludable. c. a public good, because it is excludable but not rival in consumption. d. a public good, because it is rival in consumption but not excludable.