Dictatorships, whether stable or unstable, always have longer time horizons than U.S. presidents
a. True b. False
b
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During the 1997-1998 Asian financial crisis, Thailand tried to defend its fixed exchange rate for the Thai baht and eventually ran out of foreign currency reserves
a. True b. False
Assume the graph shown represents Dawn's budget constraint. If Dawn's income to spend on these two items increased and Dawn spends all her income on these two goods, then Dawn's total utility from consuming these two goods:
A. will likely go up, since she can afford more of both goods now.
B. will likely go down, since her marginal utility of additional items decreases the more she consumes.
C. will likely go down, since she is probably sick of these two things already.
D. will likely go up, since her marginal utility of additional items increases the more she consumes.