With a managed float, monetary disequilibrium is eliminated through
A) international reserve flows.
B) exchange rate changes.
C) international reserve flows and exchange rate changes.
D) None of the above.
C
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A person's wealth
A) is measured independent of his or her current and expected future income. B) is a measure of how much money the person has. C) equals the value the person's assets minus his or her liabilities. D) All of the above are correct.
Refer to Figure 2-9. Which country has a comparative advantage in the production of snow cones?
A) Greenland B) They have equal productive abilities. C) Iceland D) neither country
To the extent that the CPI does not accurately measure the true price level,
a. the BLS will change the underlying market basket of goods b. it is useless c. it exaggerates the true cost of living d. it results in underindexation of social security payments e. it underestimates the true cost of living
Assuming government's goal is to benefit society as much as possible:
A. actions with negative and positive externalities should be encouraged. B. actions with negative externalities should be restricted and actions with positive externalities should be encouraged. C. actions with negative and positive externalities should be restricted. D. actions with negative externalities should be encouraged and actions with positive externalities should be restricted.