The importance of the float is that it
A) exists at all.
B) fluctuates considerably.
C) decreases total reserves.
D) is very stable.
B
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The reason that the prisoner's dilemma presents a dilemma is that:
A. each player has an incentive to play his or her dominated strategy, but when both choose the dominated strategy each player has a lower payoff than if they both had chosen the dominant strategy. B. the market cannot be in equilibrium because the players do not have dominant strategies. C. neither player has a comparative advantage, so neither can infer what the other player will choose. D. each player has an incentive to play his or her dominant strategy, but when both choose the dominant strategy each player has a lower payoff than if they both had chosen the dominated strategy.
What determines the real exchange rate and the nominal exchange rate in the short run?
What will be an ideal response?
Advocates of fixed rules believe that politicians focus more on re-election than on sound policy
a. True b. False Indicate whether the statement is true or false
A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a year, while the last nurse hired treated 1,000 extra patients in a year. If doctors make $80,000 a year and nurses make $40,000 a year, then
A. the clinic is making the correct decision because doctors are more productive than nurses. B. the clinic could serve more patients by hiring fewer doctors and more nurses. C. the clinic could serve more patients by hiring more doctors and fewer nurses. D. the clinic is not making the correct decision because the additional patients per dollar spent on doctors is greater than the additional patients per dollar spent on nurses. E. both a and d.