Exchange rates determined by the laws of supply and demand are called:
a. equilibrium exchange rates.
b. fixed exchange rates
c. dirty exchange rates.
d. floating exchange rates.
d
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Proprietors' income is a component of which approach to measuring GDP?
A) incomes approach B) expenditure approach C) cost approach D) output approach
A numerical limit imposed by a government on the quantity of a good that can be imported into the country is called a
A) barricade. B) quota. C) tariff. D) quantity floor.
From 1950 to 2007, manufacturing as a percentage of GDP changed from roughly ____ percent to roughly ____ percent
a. 10;25 b. 28;11 c. 25;50 d. 50;25
Market power refers to:
A.) the use of market prices and sales to signal desired outputs. B.) the ability and willingness to sell specific quantities of a good. C.) the ability of a firm to alter the market price of a good or service. D.) None of the above.