All of the following actions were taken by the Thai government to help Thailand maintain its peg against the dollar in the 1990s except
A) imposing restrictions on exports to the United States to prevent too many dollars from entering the economy.
B) borrowing dollars from the International Monetary Fund in exchange for baht.
C) increasing domestic interest rates to attract more foreign investors.
D) buying baht on the foreign exchange market to support higher demand for the baht.
A
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Price indexes can overstate inflation because they
A) omit some quality improvements. B) do not contain the prices of any used goods. C) do not contain the prices of foreign goods. D) do not contain the prices of services.
Despite evidence that companies will find it more profitable to use a commission system of compensation rather than a salary system, many companies continue to pay their workers salaries
Which of the following is one reason why firms choose a salary system? A) Firms that have salary systems do not have to use compensating differentials to attract employees to do hazardous jobs. B) Many workers dislike risk and prefer to be paid a salary rather than to be paid by commission. C) Firms often use salary systems to overcome their principal-agent problems. D) Most business owners and managers are not trained economists; therefore, they are unaware of the research that shows a commission system is more profitable than a salary system.