A significant feature of the price system in a market economy is that the architecture
A. is created by the government.
B. is created spontaneously.
C. promotes a system of controls on the employees of an organization.
D. promotes skewed distribution of wealth.
Answer: B
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Critics of fixed exchange rates argue that fixed rates: a. reduce uncertainty in international trade
b. result in currency shortages just as wage and price controls lead to shortages in markets for goods and services. c. make nations less constrained in carrying out in internal macroeconomic policies. d. lead to constant, day-to-day changes in the exchange values of currencies.
A good time for an American to hold German stocks, ceteris paribus, is when the
A. The return in the German stock market has no relationship to the value of the dollar compared to the euro. B. U.S. dollar depreciates in value compared to the euro. C. Euro is stable compared to the U.S. dollar. D. U.S. dollar appreciates in value compared to the euro.
Which type of regulation applies to all firms in the economy, as opposed to only covering specific industries?
A) economic regulation B) social regulation C) rate regulation D) statutory regulation
What would be an example of a government good?
A) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. B) Rhianna gets a haircut. C) Jake buys an iPhone. D) Donald Trump purchases furniture for his office. E) The local driver's license office purchases a new digital camera and printer.