According to this Application, over time, as economies adapt to higher temperatures
A) approximately half the decline in per capita income disappears.
B) per capita income does not seem to change.
C) real income begins to increase and per capita income begins to decrease.
D) approximately half the increase in per capita income disappears.
A
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An important factor in the choice of an exchange rate regime in low-income nations is:
A) the credentials of the finance minister. B) the extent of liability dollarization, which can cause contractions when the home currency depreciates. C) how dependent the nation is on imports, which must be financed by external borrowing. D) the price level and how it affects the interest rate level in the nation.
The regulator that determines the permissible activities any bank may engage in is the
A) Federal Reserve. B) FDIC. C) House Banking Committee. D) Comptroller of the Currency.