What is (are) the key characteristic(s) of the agrarian system in Sub-Saharan Africa?
What will be an ideal response?
Lack of complementary inputs (mechanical power, irrigation, tools, seeds, fertilizer), shifting cultivation, labor scarcity during the harvesting season while surplus labor during the rest of the year, rights of the extended family to land and water.
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The money supply decreases if the Fed
a. sells Treasury bonds. The larger the reserve requirement, the larger the decrease will be. b. sells Treasury bonds. The smaller the reserve requirement, the larger the decrease will be. c. buys Treasury bonds. The larger the reserve requirement, the larger the decrease will be. d. buys Treasury bonds. The smaller the reserve requirement, the larger the decrease will be.
Answer the following statements true (T) or false (F)
1. The purchasing-power-parity theory holds that exchange rates should equalize the inflation rates among the trading nations. 2. The expectations of speculators in the United States that the exchange rate for the euro will fall in the future will increase the supply of euros in the foreign exchange market and decrease the exchange rate for the euros. 3. If a nation has a balance of payments deficit and exchange rates are flexible, the price or value of that nation's currency in the foreign exchange markets will rise. 4. Fixed exchange rates usually provide more certainty to those engaged in international trade.