lloyd of London has a reputation for insuring:
A. unique and sometimes very odd situations.
B. only marine-related risks.
C. only physical structures to minimize the risks to their underwriters.
D. only low risk stable enterprises.
Answer: A
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Distinguish between fixed and flexible exchange rate systems
What will be an ideal response?
In practice
A) changes in national price levels often tell us relatively little about exchange rate movements. B) changes in national price levels raise the exchange rate. C) changes in national price levels lower the exchange rate. D) changes in national price levels often tell us about exchange rate movements. E) changes in national price levels match identical changes in the exchange rate.
The current account is
A. an accounting statement that includes all spending flows across a nation's border, including the purchase of assets. B. an accounting statement that includes all spending flows across a nation's border for the purchase of goods and services. C. equal to value of a country's exports. D. equal to value of a country's imports.
Which of the following occupations would use economic analyses in their real world jobs?
A. store manager B. teacher C. environmental regulator D. All of these are correct.