One typical cause of poverty is a lack of

If the interest rate is 7 percent on euro-denominated assets and 5 percent on dollar-denominated assets, and if the dollar is expected to appreciate at a 4 percent rate, the expected return on ________-denominated assets in ________ percent

A) dollar; euros is 3 B) euro; dollars is 1 C) dollar; euros is 1 D) euro; dollars is 3

For most commonly used social welfare functions, an efficient allocation is

A) always preferred over any inefficient allocation. B) not possible. C) usually preferred. D) never preferred.