The fact that exchange rates are nearly identical in different markets around the world is due to
a. the actions of speculators
b. official action by central banks around the world
c. the actions of arbitrageurs
d. agreement by policy makers of the major industrial countries
e. the actions of currency converters
C
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Installing an air purifier or a water filtration system is an example of a(n)
a. direct estimation method b. ozone-reducing policy c. physical linkage approach d. averting action
The demand curve faced by the individual perfectly competitive firm is:
A) downward sloping. B) upward sloping. C) horizontal. D) vertical.
New York consumers are charged five cents for every can or bottle of soda or beer that they purchase. Consumers are refunded five cents for every can or bottle that they return to a recycling center. Which environmental policy is used by New York?
a. Pollution charge b. Cap-and-trade c. Marketable permit program d. Command-and-control regulation
________ can force a competitor to stop false advertising.
A) The Federal Trade Commission's (FTC), but not the Lanham Act B) The Lanham Act, but not the Federal Trade Commission's (FTC) C) Neither the Federal Trade Commission's (FTC) nor the Lanham Act D) Both the Federal Trade Commission's (FTC) and the Lanham Act