Which of the following is not a criticism of flexible exchange rates?
a. All of the following.
b. They are volatile, which increases risks for importers and exporters.
c. They could affect employment and increase demand for trade restrictions.
d. They do not allow for discretionary monetary policy.
e. They allow central banks to follow expansionary monetary policies.
D
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Which kinds of jobs are migrating from the United States to less developed countries?
a. manufacturing jobs only b. manufacturing, IT, and computer jobs c. IT and computer jobs only d. medical and legal jobs
Using the following numbers, what is Macland’s current account?
Goods: exports $500, imports $365 Services: exports $350, imports $400 Income payments: exports $300, imports $425 Unilateral transfers: exports 0, imports $50 a. -$80 b. $2,390 c. -$90 d.-$225
The tax rates embodied in the federal personal income tax are such that
A. a rising absolute amount, but a declining proportion, of income is paid in taxes. B. the marginal and average tax rates are equal, making the tax progressive. C. the average tax rate rises more rapidly than does the marginal tax rate. D. the marginal tax rate is higher than the average tax rate, causing the average tax rate to rise.
Refer to the diagram. At the profit-maximizing output, total profit is:
A. efbc.
B. fgab.
C. egac.
D. 0fbn.