Political instability is an obstacle to development in:
A. both market and socialist economies.
B. neither market nor socialist economies.
C. market economies.
D. socialist economies.
Answer: A
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The exchange rate is
A) the price of one currency relative to gold. B) the value of a currency relative to inflation. C) the change in the value of money over time. D) the price of one currency relative to another.
Fiscal policy is the responsibility of ________
A) the Federal Reserve System B) the Comptroller of the Currency C) the President and U.S. Congress D) High Commissioner for Refugees
An employer faces a higher minimum wage control where it cannot pay its workers any less than $10.25 an hour. The employer may react by
a. Doing nothing-it cannot violate the regulation b. Offering the employees fewer fringe benefits c. Increasing spending on workplace amenities d. Hiring additional workers
Which of the following people would be least likely to search the newspaper ads for bargains and clip store coupons?
a. a retired person b. an unemployed person c. a waitress earning $5 per hour d. an attorney earning $100 per hour e. a student on summer vacation