Under the Bretton Woods system, exchange rates were supposed to be adjusted
A) only when a country experienced fundamental disequilibrium.
B) daily.
C) weekly.
D) following each annual meeting of the board of governors of the International Monetary Fund.
A
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Refer to Variable Cost of Production. The marginal cost of the fourth unit of output is
The following questions refer to the following table which shows a firm's variable costs of production.
a. $20 per unit.
b. $30 per unit.
c. $50 per unit.
d. $80 per unit.
If fewer families purchase health insurance because of rising health insurance premiums, then health insurance premiums are likely to rise further due to:
A. commitment problems. B. moral hazard. C. adverse selection. D. first-dollar coverage.
The current supply of Rembrandt paintings:
a. is perfectly elastic b. is elastic. c. is unit elastic. d. is perfectly inelastic.
If the cyclical rate of employment equals 1 percent and the actual rate of unemployment equals 8 percent, then the natural rate of unemployment must equal:
A. 9 percent. B. 7 percent. C. 12.5 percent. D. ?7 percent.