Today 1 euro can be purchased for $1.10. This is the
A) spot exchange rate.
B) forward exchange rate.
C) fixed exchange rate.
D) financial exchange rate.
A
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A measure of a country's production is its
A) general domestic production. B) gross domestic product. C) gross daily production. D) general daily product. E) gross total output.
Discouraged workers are considered unemployed
Indicate whether the statement is true or false
One reason economists have begun focusing on the Personal Consumption Expenditure measure for inflation is that the PCE deflator:
A. allows for a changing basket of goods. B. weights food more because food is a rising percent of expenditures. C. includes the price of assets such as stock portfolios. D. takes the exchange rate value of the dollar into account.
In the presence of a negative externality generated by producing a good, a competitive market will produce more of that good than is socially optimal
What will be an ideal response?