Author Question: Countries that use the euro as their currency face similar concerns as countries did during the ... (Read 169 times)

altibaby

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Countries that use the euro as their currency face similar concerns as countries did during the years of the gold standard in that each are (were)
 
  A) using a floating currency. B) unable to conduct fiscal policy.
  C) unable to conduct monetary policy. D) using currency which is backed by gold.

Question 2

Why is knowledge considered a type of capital?
 
  What will be an ideal response?



lou

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Answer to Question 1

C

Answer to Question 2

Knowledge is human capital. Knowledge is considered capital because it yields valuable services to a firm over time in the same way that other types of capital (such as machinery) do.



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lou

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