Which of the following is not an advantage of fixed nominal exchange rates?
a. They secure the international competitive position of a nation.
b. They can reduce short-term business risks associated with international payments for trade.
c. International price comparability is promoted.
d. Nations can reduce or eliminate the cost of hedging.
.A
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Which of the following are lags that fiscal policy makers must cope with?
A) effect time lags B) recognition time lags C) action time lags D) All of the above are correct.
In a broad sense, all the policies, procedures, relationships, and systems in place to oversee the successful and legal operation of the enterprise; in a narrow sense, the responsibilities and performance of the board of directors specifically.
What will be an ideal response?
The most visible consequence of inflation is
A. A rise in production. B. A change in government regulation. C. A rise in employment. D. A rise in the price level.
If land becomes less valuable in residential use than in commercial use
A. the supply of land available for commercial use should increase and the supply of land for residential use should decrease. B. there will be no change in the allocation of land, as there is no responsiveness to price changes by suppliers of land. C. the supply of land for commercial use will become perfectly inelastic and the supply of land for residential use will become perfectly elastic. D. there can be no change in the allocation of land because land is fixed in supply.