In which of the following groups are ALL of the elements associated with a fixed-rate exchange system?
a. speculative rampages; major currency revaluations; currency shortages
b. inflationary pressures; currency shortages; wage controls
c. speculative rampages; domestic price controls; futures market
d. inflationary pressures; dirty float system; daily currency price changes
a. speculative rampages; major currency revaluations; currency shortages
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Looking at the U.S. balance of payments for the last two decades, how have the current account and the capital account changed?
What will be an ideal response?
In a randomized controlled experiment
A) there is a control group and a treatment group. B) you control for the effect that random numbers are not truly randomly generated C) you control for random answers D) the control group receives treatment on even days only.
Neoclassical economists believe that government policy should focus on creating a market-oriented environment that rewards________________.
a. importing b. exporting c. innovation d. production
Suppose Ben owns a small company that makes kites. The market for kites is perfectly competitive, and kites sell for $25 each. Ben's total production costs vary depending on the number of kites he makes each day, as shown in the accompanying table.Number of kites Per DayTotal Cost Per Day ($)0100111021263148417252006235 What is Ben's economic profit at his profit-maximizing level of output?
A. ?$100 B. ?$73 C. ?$75 D. ?$72