Your study partner asks you, “If central banks lose the ability to use discretionary monetary policy under fixed exchange rates, why would nations agree to a fixed exchange rate system?” How do you respond?

Some people think the United States should return to a system of fixed exchange rates. Defend or oppose this view. Cite examples to support your position.

The author states that "perfect mobility of resources" is necessary for pure competition to occur. What do you think that means?

Suppose the United States and Japan are the only two trading countries in the world. What will happen to the value of the U.S. dollar if the following occur, other things equal?

Japan relaxes some of its import restrictions.

Starting from a position of equilibrium in the foreign exchange market under a fixed exchange rate regime, how must a government react to an increase in the demand for the nation’s goods and services by the rest of the world to keep the exchange rate at its fixed value?

Both satellites and shoes require a lot of capital to produce. The United States has a lot of money. China has a large worker pool. Which product will China export, if the Heckscher-Ohlin model is correct? Which product will the US export? What will happen to the cost of capital and the cost of labour in the United States?

At the balance sheet date, a business owes a mortgage note payable of $375,000, the terms of which provide for monthly payments of$1,250.

Explain how the liability should be classified on the balance sheet.

Which of the following objects has the least kinetic energy: (a) an object of mass 4m and speed v, (b) an object of mass 3m and speed 2v, (c) an object of mass 2m and speed 3v, or (d) an object of mass m and speed 4v?

Which object has the least amount of kinetic energy?

$a)$ a car driving down a road
$b)$ soccer ball rolling down a hill
$c)$ a bicycle locked to a bike rack
$d)$ a satellite orbiting Earth

Consider a 2.0-hp motor and a 1.0-hp motor. Compared to the 2.0-hp motor, for a given amount of work, the 1.0-hp motor can (a) do twice as much work in half the time, (b) half the work in the same time, (c) one quarter of the work in three quarters of the time, (d) none of the preceding.

Suppose that Albernia’s central bank has fixed the value of its currency, the bern, to the U.S. dollar (at a rate of US$1.50 to 1 bern) and is committed to that exchange rate. Initially, the foreign exchange market for the bern is also in equilibrium, as shown in the accompanying diagram. However, both Albernians and Americans begin to believe that there are big risks in holding Albernian assets; as a result, they become unwilling to hold Albernian assets unless they receive a higher rate of return on them than they do on U.S. assets. How would this affect the diagram? If the Albernian central bank tries to keep the exchange rate fixed using monetary policy, how will this affect the Albernian economy?

Generally the situation occurring at north American dental group offices is an ethical issue related to?

(a) Which type of bank is required to belong to the Federal Reserve System? Which can join voluntarily? (b) Why do you think that the Federal Reserve has both a public and a private character?

Identify Explain the significance of (a) Franklin Roosevelt, (b) Hundred Days, (c) New Deal, (d) Civilian Conservation Corps, (e) National Recovery Administration, (f) Tennessee Valley Authority.