A Significant Problem of a Dual Exchange Rate System Is

question 1

Multiple Choice

A significant problem of a dual exchange rate system is that it

• A)is difficult to administer.
• B)leads companies to pursue rent-seeking behavior.
• C)promotes black markets.
• D) All of the above.
• E) None of the above.

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Definitions:

Individual Instrumental Purpose

The use of individual actions as a means to achieve a specific personal goal or objective.

Social Order

A concept pertaining to the set of norms, rules, and structures that guide how individuals within a society behave to maintain stability and predictability.

Moral Philosophies

The systematic examination of how people should behave toward one another, the justification of moral judgments, and the search for a principled basis for morality.

Teleology

An ethical theory that posits the moral value of an action is determined by its outcome, or end result, rather than the action itself.