What currency is traded the least in the foreign exchange market?
a. Chinese yuan
b. U.S. dollar
c. European Union euro
d. Japanese yen
a. Chinese yuan
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A marginal external cost of a product is equal to
A) what the producer has to pay to hire resources to produce another unit. B) the cost someone other than the producer incurs when another unit is produced. C) the cost the producer incurs to produce another unit. D) what the consumer must pay when he or she buys the good or service. E) None of these answers describes a marginal external cost.
The most prestigious stock market in the world is the
A) New York Stock Exchange. B) Chicago Mercantile Exchange. C) London Stock Exchange. D) Tokyo Stock Exchange.
The most populous country of the globe is:
a. India b. China c. Pakistan d. The EU e. United States
A form of economic organization that relies primarily on private ownership of productive assets, freedom of exchange, and market prices to allocate goods and resources is often called
What will be an ideal response?