Exchange rates that are allowed to fluctuate in response to changes in supply and demand is known as
A) the foreign exchange markets.
B) standard drawing rights.
C) fixed exchange rates.
D) flexible exchange rates.
D
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According to the graph shown, if this economy were to open to free trade, the domestic quantity demanded would be:
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. 250.
B. 500.
C. 1150.
D. 1500
Why do water supply problems exist in many parts of the world?
a. Efforts to build large-scale reservoirs in arid countries have stalled due to the enormous expense involved in completing these projects. b. Water markets are missing or incomplete. c. Global warming has increased the evaporation rate of water by over 10%. d. The water supply is unfit for public consumption in many areas due to pollution.
A product's ability to satisfy a large number of consumers at the same time is called:
A. rent-seeking. B. simultaneous consumption. C. network effects. D. consumer sovereignty.
Apple and Samsung agree to stop undercutting each other's phone prices. Which of the following antitrust acts are being violated?
A. Clayton Act B. Sherman Act C. Federal Trade Commission Act D. No Antitrust law is being violated