A fixed exchange rate system crisis may be accompanied or followed by
A) unexpected gains of international reserves.
B) revaluation of a currency.
C) devaluation of a currency.
D) gains in comparative advantage.
E) deflationary pressures within the country.
C
Economics
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Cheap talk works at placing workers in the right job as long as
A) the interests of the worker and the firm coincide. B) all workers want the most demanding jobs regardless of their abilities. C) workers have different ability levels that are unknown to firms. D) firms are not profit maximizers.
Economics
Adverse selection is a
a. Pre-contractual problem b. Post contractual problem c. Post firing problem d. None of the above
Economics