A central bank with a fixed exchange rate must, in response to an interest rate decline in the anchor-currency economy, ________

If the price of a resource reaches the choke price, that means that

a. The physical reserves are zero b. The economic reserves are zero c. The environmental costs have been fully internalized d. Environmental costs need to be internalized e. Prices will continue to fall

Suppose that someone makes the argument that because empty alcohol containers are found at many accidents, the containers cause accidents. This would be an example of

a. sound logic. b. reverse causality. c. omitted variables. d. bias.