A self-correcting mechanism tending to bring a country's balance of payments into equilibrium exists under __________ exchange rate systems
A) fixed and floating
B) floating, but not fixed
C) fixed, but not floating
D) neither fixed nor floating
B
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Comovement is
A) the tendency for declines in economic activity to be followed by further declines, and for growth in economic activity to be followed by more growth. B) the idea that the standard pattern of contraction—trough—expansion—peak occurs again and again in industrial economies. C) the tendency of many economic variables to move together in a predictable way over the business cycle. D) the idea that peaks and troughs of the business cycle occur at regular intervals.
A continuing resolution is: a. an agreement that requires Congress to balance the budget on an annual basis
b. an agreement that allows Congress to have too much control over the budgetary process. c. an agreement that allows agencies to spend at the rate of the previous year's budget. d. a decision made by congressional committee about the federal spending and revenue levels for five years. e. a guaranteed benefit for those who qualify for government transfer programs.
When employment discrimination results from the personal prejudices of employers, economic theory suggests that
a. competitive forces will tend to reduce discrimination. b. the wages of employees who are discriminated against will rise. c. an employer who discriminates will have the same costs as those who do not discriminate. d. discrimination by an employer will reduce production costs since the employer can pay lower wages.
In the United States in 2016, the percentage of people with private health insurance was about
A) 17%. B) 29%. C) 56%. D) 83%.