Which of the following can a nation use to shift the supply or demand for its currency?
A. Trade policies such as tariffs but not fiscal policy.
B. Fiscal, monetary, and trade policies.
C. Fiscal policy but not monetary policy.
D. Monetary policy but not trade policy.
Answer: B
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The return to entrepreneurship is known as
A) economic profit. B) normal profit. C) opportunity revenue. D) normal revenue. E) explicit profit.
The U.S. dollar will appreciate in value if
A) the demand curve for U.S. dollars shifts rightward. B) the demand curve for U.S. dollars shifts leftward. C) the supply curve of U.S. dollars shifts rightward. D) Americans choose to buy more foreign goods.
An employer-employee relationship is
a. a nonmarket relation b. a principal-agent relation c. a comparable worth relation d. a substitution relation e. a winner's curse
The Lorenz curve showing perfect income equality would be
A. I.
B. J.
C. K.
D. L.