There is resistance to exchange rate fluctuations because changes in the value of a currency are likely to cause all of the following except
A. The return to a worldwide gold standard.
B. Uncertainty for people who invest in world markets.
C. A change in the price of imports.
D. A change in the price of exports.
Answer: A
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In 2015, JP Morgan Chase announced that it was laying off 5,000 employees. The laid-off employees who were not able to find jobs at another bank due to a permanent decline in demand in the banking industry would be considered
A) frictionally unemployed. B) structurally unemployed. C) seasonally unemployed. D) cyclically unemployed.
If Jennifer didn't have class in the evening, she would save the $4 campus parking fee and spend four hours at work where she earns $10 per hour. The opportunity cost of attending class is: a. $0
b. $4. c. $40. d. $44.
The basic idea behind a negative income tax is to
A. help local government agencies deliver more services to the poor. B. increase the in-kind income of the poor. C. help the poor get job skills. D. help the poor without destroying incentives to work.
Holding money as a medium of exchange to make payments is
A. the precautionary demand for money. B. the capital demand for money. C. the transactions demand for money. D. the asset demand for money.