An exchange rate regime in which the government may change the fixed rate in the face of a significant disequilibrium in the country's international position is called a(n)
A. managed float.
B. adjustable peg.
C. crawling pegged exchange rate.
D. currency board.
Answer: B
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Other things constant, an increase in consumer income will
a. shift the demand curve for automobiles to the left. b. shift the demand curve for automobiles to the right. c. cause a movement along the demand curve for automobiles, but it will not shift the demand curve. d. lead to a reduction in the supply of automobiles.
In exchange for a share of the revenues earned on campus, State U has granted CheapFizz the exclusive right to sell soft drinks in the student union and in vending machines on campus. Prior to the deal, three soft drink companies sold beverages on campus; now no other soft drink company is allowed to sell its products on campus. CheapFizz now has market power due to:
A. network economies in the consumption of soda. B. its exclusive ownership of an input. C. its exclusive license to sell soda. D. economies of scale in the production of soda.
What is one definition of equity?
a) equality b) efficiency c) fairness d) similarity
The Federal Reserve System is an example of a ______ bank.
a. savings b. central c. foreign d. commercial