According to the text, over 40 percent of member nations of the International Monetary Fund have
A) a fixed exchange rate.
B) no separate legal currency.
C) an independently floating exchange rate.
D) a managed floating exchange rate.
Answer: A
You might also like to view...
A crucial feature of early Keynesian business cycle theory is that real wages vary ________, which in fact ________ clearly emerge from U.S. data on wages over time
A) countercyclically, does not B) countercyclically, does C) procyclically, does not D) procyclically, does
The Sherman Antitrust Act was passed to
A) protect companies from foreign competition. B) protect the monopoly profits of firms. C) control the growth of monopolies in the U.S. D) prevent market price from equaling marginal cost.
Inventories are
A. goods that have not been purchased but have been produced during the current year. B. consumer expenditures. C. part of the debt surplus. D. part of next exports.
The price signal the consumer gets in a competitive market
A. In no way reflects opportunity cost. B. Is not reliable for making choices about the allocation of resources. C. Is an accurate reflection of opportunity cost. D. Is the result of the selfishness of individuals.