Explain Why When Norway Unilaterally Fixes Its Exchange Rate Against

question 16

Essay

Explain why when Norway unilaterally fixes its exchange rate against the euro but leaves the krone free to float against the non-euro currencies, it is unable to keep at least some monetary independence.

Understand the basic principles of utilitarianism and the distinction between act and rule utilitarianism.

Grasp the key concepts of feminist ethics, virtue ethics, and their critiques.

Recognize the significance of the capabilities approach as advocated by Martha Nussbaum.

Comprehend the principle of utility and its criticisms, including the potential for justifying harm for greater good.

---

Definitions:

SamSam

A type of ransomware utilized in cyber attacks to encrypt data on a victim's computer, demanding ransom payments for decryption keys.

Auditing

The systematic examination and assessment of systems, records, or processes to ensure compliance with standards, policies, or financial accuracy.

Interconnected

The state of being connected with each other, referring to systems, devices, or networks that communicate and work together.

Interdependent

Mutually reliant on each other, where the actions or outcomes of one entity or process affect another.