The degree of international capital mobility is affected by:
a. The value of the domestic currency.
b. Central bank capital controls.
c. The monetary base.
d. The money supply.
e. The quantity of domestic currency traded per time period.
Question 2
The unit of account function of money means it is the:
a. Asset people can use to accumulate wealth.
b. Unit in terms of which everything is valued and the basis for establishing relative prices between goods and services.
c. Barter value of a product for which a nation has a comparative advantage.
d. Unit in terms of which people write contracts.
e. Asset individuals get for goods and services and then use later to purchase other goods and services.
Degree of palpation
The main avenue to the upward social mobility reviewed in the text has been higher education.
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