Which of the following terms describes an exchange rate regime in which the government intervenes in the foreign exchange market to influence the market-determined exchange rate?
A. Managed float
B. Currency control
C. Clean float
D. Fully convertible
Answer: A
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Explain the difference between frictional and structural unemployment
What will be an ideal response?
The Celler-Kefauver Act of 1950:
a. amended the Sherman Act to outlaw price fixing where the effect is to lessen competition b. created the Interstate Commerce Commission. c. prohibited conglomerate mergers where the effect is to lessen competition. d. prohibited a firm from acquiring the assets of another firm where the effect is to lessen competition.
The table below shows the number of labor hours required to produce one gallon of wine and one pound of cheese in the United States and France. If the United States and France engage in free trade with each other, the international price of cheese will lie between ________ and Labor hours to make:In the United StatesIn France1 gallon of wine4.001.001 pound of cheese1.002.00
A. two gallons of wine per pound; four gallons of wine per pound. B. 0.5 gallon of wine per pound; one gallon of wine per pound. C. 0.25 gallon of wine per pound; two gallons of wine per pound. D. one gallon of wine per pound; four gallons of wine per pound.
A reason for placing special emphasis on capital accumulation in developing countries is the high:
A. Level of adult illiteracy B. Productivity of workers in DVCs C. Marginal benefits of capital goods D. Level of import quotas and tariffs