The exchange rate for a foreign currency that is determined by supply and demand is
A) a fixed exchange rate.
B) a controlled exchange rate.
C) a constrained exchange rate.
D) a flexible exchange rate.
Answer: D
You might also like to view...
Why does a monopolistic competitor earn zero economic profits in the long run?
What will be an ideal response?
The economic role of the legal system might best be described as
A) promoting the productive efficiency of competitive markets. B) identifying and producing public goods. C) establishing the "rules of the game" and acting as a referee when disputes arise among market participants. D) identifying and producing merit goods.
The study of how society manages its scarce resources is most closely associated with which field of study?
a. environmental studies b. economics c. management d. accounting
A pizza is rival. What can J.T. do with a pizza to show that it is rival?
a. Eat it. b. Share it. c. Lock it up. d. Smell it.