The exchange rate is determined by the interaction of the supply and demand for currencies in which exchange rate system? is:
A) fixed.
B) flexible.
C) all of the above.
D) none of the above.
B) flexible.
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Structural unemployment is the result of
A) technological change or foreign competition. B) normal labor market turnover. C) a slowdown in the rate of economic expansion. D) irresponsible workers with poor work habits. E) changing weather patterns through the year.
When marginal revenue equals price for all levels of output, the firm is operating in a perfectly competitive market
a. True b. False
When Natalie in New York buys stock in Hyundai in Korea, NCO:
A. increases. B. is unaffected. C. decreases. D. is zero.
Which of the following is assumed when constructing a production possibilities curve?
A. the efficient use of resources B. a fixed amount of resources C. resources of a given quality D. All of these are correct.