What are main risks people face during market transition

Assignment Help Microeconomics

Reference no: EM133197594 , Length: 1 Pages

Assignment:

Part 1

The emergence of cryptocurrencies and stablecoins represents a transition to a more market-based approach for stores of value and mediums of exchange, which are two of the main functions of established currencies like the yen, euro, or dollar. These new digital tools allow people more options for storing their savings or for conducting transactions. Based on our study of transitions to market-based economies, what are the main risks that people face during this market transition? Would you recommend that countries adopt these new tools quickly in order to provide people with more options, or should these tools be carefully regulated and adopted with caution? Please explain your response.

Minimum 500 words

Part 2 (answer the these multichoice questions)

QUESTION 1. Which of the following factors inhibited the economic transition of the FSUs in the 1990s?

A. Limited exposure to international markets during the Soviet era

B. Most trade during the Soviet era was limited to exchanges between Soviet republics

C. FSUs were economically isolated during the Soviet era

D. All of the above

QUESTION 2. From Table, which country suffered the largest disruption in inter-republican trade with Russia after the dissolution of the Soviet Union?

A. Kazakhstan

B. Belarus

C. Latvia

D. Ukraine

QUESTION 3. After the end of the Soviet Union, many of the FSUs established new trade arrangements with other countries based on former trade routes or earlier empire relationships.

True

False

QUESTION 4. The FSUs were hampered in their post-Soviet transition because some republics had specialized in the production of key outputs (e.g., machinery, minerals, or farm output), and the other republics had little to no domestic sources for these products.

True

False

QUESTION 5. Which FSUs have most fully integrated with the other economies in Western Europe?

A. Transcaucasian states

B. Baltic states

C. Belorus and Ukraine

D. Central Asian republics

Reference no: EM133197594

Questions Cloud

What is the french puzzle : France has relatively low union membership rates but more labor disturbances and strikes than other nations. Boston University.

Develop a consolidated financial projection of revenue : Develop a consolidated financial projection of revenue, pretax income, and cash flow for the overall business. Joliet Junior College.

Effect on macro-economic variables eg unemployment : Include its effect on Macro-economic variables eg Unemployment, Balance of Payments.

Difference between an excise tax and an ad valorem tax : What is the difference between an excise tax and an ad valorem tax? Is the proposed tax on vaping products an excise or an ad valorem tax?

What are main risks people face during market transition : The emergence of cryptocurrencies and stablecoins represents a transition to a more market-based approach for stores of value. University of the Cumberlands.

Define fiscal policy : Define Fiscal Policy and what should the government do with fiscal policy in order to pull the economy out of a recession? Santa Monica College.

What effect does the payment of government unemployment : What effect does the payment of government unemployment benefits have on the unemployment rate?

Importance of common carriage obligations in transportation : Be sure to explain the principle of "common carriage" and the historical importance of common carriage obligations in transportation. University of Memphis.

Should the fed respond to the coronavirus : I wasn't planning on having a debate on this topic this Thursday, but given the relevance of the Coronavirus. University Of California Los Angeles.

User Account

All Pages