An advantage to a developing nation of fixed exchange rates is that it's:
A) easier for the central bank to print money to finance its deficit.
B) harder for the central bank to print money to finance its deficit.
C) easier to conduct fiscal policy.
D) harder for the government to raise taxes.
Answer: B) harder for the central bank to print money to finance its deficit.
Economics
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Which of the following games involving the roll of a single die is a fair bet?
A) Bet $1 and receive $1 if 3 or 4 comes up. B) Bet $1 and receive $1 if 3, 4, or 5 comes up. C) Bet $1 and receive $4 if 6 comes up. D) None of the bets is a fair bet.
Economics
If the marginal propensity to consume is 4/5, the multiplier is: a. 20
b. 5. c. 1. d. 1/5.
Economics