Which of the following is true of price changes in currencies under the fixed-rate system?
a. Frequent occurrence
b. Low magnitude
c. Infrequent, but high magnitude
d. Frequent, but low magnitude
c
Economics
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An economy that does NOT trade with the rest of the world is a(n)
A. open economy B. trade economy C. closed economy D. command economy
Economics
Katy Perry's latest album is protected from other artists using her lyrics because of:
A. Specialization B. Opportunity costs C. Property rights D. Incentives
Economics
Which theory explains all three facts about the term structure?
A) expectations B) segmented markets C) preferential treatment D) liquidity premium
Economics
If the wage rate were $200, how many workers would be hired?
A. 3
B. 4
C. 5
D. 6
Economics