A dirty float is an example of ________
A) a fixed exchange rate system
B) a flexible exchange rate system
C) a revaluation
D) a currency board
B
You might also like to view...
Between 1994 and 2000 the poverty rate ____ and the number of people on welfare ______.
A. declined; declined B. rose; rose C. rose; declined D. declined; rose
The U.S. Treasury estimates that between _______ and _______ of the U.S. currency is held outside the United States.
Fill in the blank(s) with the appropriate word(s).
The optimal level of output may be defined as that level of output where:
a. the marginal benefit of the last unit purchased equals its marginal cost. b. total benefit equals total cost. c. it is impossible to define optimal in any meaningful way. d. average benefit exceeds average cost by the greatest amount. e. marginal benefit exceeds marginal cost by the greatest amount.
A pure monopolist is selling 10 units at a price of $12. If the marginal revenue of the 11th unit is $1, then the price of the 11th unit is
A) $10. B) $11. C) greater than $12. D) $12.