Which of the following theorists is best known for arguing that an individual's relationship to the means of production determines his position in society?

A regional free trade agreement will benefit the world only if:

A. it raises the standard of living in one of the member countries. B. the amount of trade it creates exceeds the amount it diverts. C. the currencies of the nations involved appreciate. D. the balance-of-trade situation remains stable in the region. E. it creates trade surplus for one of the countries involved.

Which of the following statements is true about a currency board system?

A. Under a strict currency board system, interest rates adjust automatically based on the supply and demand of domestic currency. B. To convert domestic currency on demand into another currency, a currency board takes grants from the International Monetary Fund. C. This system is a true fixed exchange rate regime, because the domestic currency is fixed against other currencies. D. A currency board can issue additional domestic currency even when there are no foreign exchange reserves to back it. E. A currency board authorizes the government to print money and set interest rates.