When Countries Dollarize Their Currencies,what Becomes the Source of Their

question 139

Multiple Choice

When countries dollarize their currencies,what becomes the source of their monetary policy?

• A) their prime minister
• B) the open market
• C) Parliament
• D) the U.S.Federal Reserve

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Definitions:

Technical Rate

The rate at which technological improvement increases production efficiency, often measured as a percentage increase in output per unit of input.

Variable Factors

inputs in production that can be adjusted in the short term, such as labor and raw materials, contrasted with fixed factors like machinery.

Production Function

An equation or graph showing how output changes with variations in input factors, holding all else constant.

Decreasing Marginal

In economics, a situation where each additional unit of input results in a smaller increase in output compared to previous units.