If a country allows its currency's value to be determined in the market for foreign exchange, it has a:
A. fixed exchange rate.
B. floating exchange rate.
C. prime exchange rate.
D. key exchange rate.
B. floating exchange rate.
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In the above figure, what is the minimum supply price for the fourth gallon of ice cream?
A) $2.00 B) $3.00 C) $4.00 D) $5.00
Explain why producers rather than consumers may be the beneficiaries of regulation. Does the evidence support this view?
When the price of a good increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity supplied of loanable funds ______
a. decreases, decreases, decreases b. increases, decreases, decreases c. increases, decreases, increases d. decreases, increases, increases e. increases, increases, increases
Refer to the information below. If Normal University undertakes program Level Three:
Answer the question based on the following information. Normal University has found it necessary to institute a crime-control program on its campus to deal with the high costs of theft and vandalism. The university is now considering several alternative levels of crime control. This table shows the expected annual costs and benefits of these alternatives.
A. Total benefits will be less than total costs
B. Marginal costs will exceed marginal benefits
C. There would be an under-allocation of resources to crime control
D. There would be an over-allocation of resources to crime control