China has a ______ exchange rate with the United States, while Japan's exchange rate with the U.S. is determined by ____________.

Fill in the blank(s) with the appropriate word(s).


fixed; supply and demand

Economics

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When economic profits are positive, accounting profits could be:

A. positive. B. negative. C. zero. D. All of these are possible.

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Suppose that the bond market and the money market start out in equilibrium. Explain the process by which the interest rate and the price of bonds will change as a result of the Fed increasing the money supply

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A relationship between two variables in which one variable increases at the same time that the other increases is called

A) nonlinear. B) constant. C) inverse. D) direct.

Economics

Which of the following is NOT correct regarding the status of U.S. labor unions?

A) Today fewer than one in eight workers is a union member. B) A key reason for the decline in union membership is the relative decline in manufacturing jobs as a share of total employment. C) Greater domestic and global competition has had a part in bringing about a decline in unions. D) Global trade has increased the number of union members in the United States.

Economics