The price of one currency in terms of another is called
A) the exchange rate.
B) purchasing power parity.
C) the terms of trade.
D) a currency band.
A
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A globe is a model. However, it lacks much of the detail that one would find on a map. Does that make the globe an inferior model? Why not?
What will be an ideal response?
Which of the following best illustrates moral hazard?
a. After a person obtains life insurance, she takes up skydiving. b. A person obtains insurance knowing he is in poor health. c. A person holds stock only in very risky corporations. d. A person holds stocks from only a few corporations.
Over a 19-month period ending in July, 130 million domestic and international round-trip tickets worth $94 billion showed the lowest average price, of _____, was on Sunday.
Fill in the blank(s) with the appropriate word(s).
If a currency union provides more to its members than a common currency unit, such as fiscal transfers or fiscal federalism, it would make joining that union:
A) less costly. B) more beneficial. C) yield higher net benefits. D) less costly, more beneficial, and yield higher net benefits.