Expansion of a nation's human capital can be achieved through
A) education and training.
B) education and saving.
C) education and technology improvements.
D) education only.
E) nothing because human capital is determined by the skills people are born with.
A
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In general, which of the following is NOT a characteristic of a fixed exchange rate regime as defined by the text?
a. Capital is mobile. b. Exchange rates are determined by the market in the short run. c. Arbitrage is free to operate. d. Government takes an active role in foreign currency market intervention.
Central banks:
A. exist in almost every major nation. B. are common only to industrialized nations. C. in the United States oversee the U.S. economy, as well as some developing nations who do not have a central bank. D. stopped being used after events like the Great Depression proved them useless.