The United States would be characterized as having:
A. a controlled domestic interest rate, an open capital market and a flexible exchange rate.
B. a controlled domestic interest rate, an open capital market and a fixed exchange rate.
C. no control over the domestic interest rate, an open capital market and a flexible exchange rate.
D. a controlled domestic interest rate, a closed capital market and a flexible exchange rate.
Answer: C
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Based on this figure, if the official value of krone is fixed at $0.09 per krone, then the Norwegian krone is ________ and the international reserves of Norway will ________ krone per period. 
A. overvalued; decrease by 5,500 B. undervalued; increase by 2,000 C. undervalued; increase by 5,500 D. overvalued; decrease by 2,000
A Pareto improvement is
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Of the administrative costs for the SNAP program,
A. states bear 50 percent of the costs. B. 100 percent are paid out of federal tax revenues. C. federal, state, and local governments split the costs evenly. D. states pay 100 percent.