Describe how the Eurodollar market's early growth was spawned by the Cold War between the United States and the U.S.S.R
What will be an ideal response?
During the Cold War, the Soviets feared the United States might confiscate dollars placed in American banks if the events were to escalate. So, Soviet dollars were placed in Europeans banks, outside the jurisdiction of the United States.
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The rate of product transformation refers to
a. how a consumer can trade one good for another while still maximizing his or her utility. b. how a firm can substitute one input for another and still maintain the same production level. c. how production of one good can be substituted for another while still using a fixed supply of inputs efficiently. d. how quickly a firm can produce a final good while starting with only natural resources.
Critics of the "limits to growth" thesis argue that:
A. clean air and water is a luxury good and the more economically developed a country becomes the easier it will be to keep the environment clean. B. economic growth will always take the form of more of what we have now, rather than newer, better, and cleaner goods and services. C. the market is not capable of adjusting to shortages of resources. D. government action spurred by political pressure is the best way to avoid the depletion of natural resources and pollution of the environment that results from economic growth.