At any given moment, there is one exchange rate

A. for currencies in the free world.
B. between every pair of currencies.
C. for all the world’s currencies.
D. established by the Federal Reserve Board.


Answer: B

Economics

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Which of the following is true of cyclical unemployment?

A) Cyclical unemployment increases during periods of economic boom. B) Cyclical unemployment is the deviation of unemployment from its natural rate. C) Cyclical unemployment is also known as frictional unemployment. D) Cyclical unemployment decreases during periods of economic boom.

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Your friend is preparing for this exam and in your practice session makes the following statement: "Instead of attending microeconomics class for two hours, Kiki could have played tennis or watched a movie

Therefore, the opportunity cost of attending class is the tennis and the movie she had to give u

Economics

Consumption spending is $5 million, planned investment spending is $8 million, unplanned investment spending is $2 million, government purchases are $10 million, and net export spending is $2 million. What is GDP?

A) $15 million B) $23 million C) $25 million D) $27 million

Economics

Positive incentives: a. increase benefits or reduce costs

b. decrease the amount of affected behaviors. c. increase the amount of affected behaviors. d. Do both a. and c.

Economics