The reason that the claim that floating exchange rates result in greater economic autonomy for individual countries may not be entirely accurate is that
A) empirical research finds no supporting data.
B) policy makers are influenced by the effect of domestic policies on the exchange rate.
C) there is no generally satisfactory method for measuring economic autonomy.
D) it is based on the assumption of a gold standard.
E) countries that run large trade deficits must increase exports to balance trade.
B
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A fall in the real wage rate ________ firms' profits and leads to ________ in the quantity supplied
A) does not change; no change B) lowers; a decrease C) raises; an increase D) raises; a decrease E) lowers; an increase
In Figure 5-19, the consumer experiences at point C
A. greater total utility than at point D. B. greater total utility than at point E. C. less total utility than at point D. D. total utility equal to that experienced at point D.
The relationship between a firm's price and sales quantity is described by the ______ for its product.
A. demand curve B. supply curve C. marginal cost curve D. average cost curve
In which case is the political process most likely to result in the acceptance of efficient projects and rejection of inefficient projects?
a. The benefits are highly concentrated, and costs are widespread among voters. b. The costs are highly concentrated, and the benefits are widespread among voters. c. Both the benefits and costs are widespread among voters. d. The benefits accrue primarily in the future, while the costs are more visible during the current period.