The gold standard is a type of
A) fixed exchange rate system.
B) flexible exchange rate system.
C) floating exchange rate system.
D) managed exchange rate system.
A
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List three different types of financial markets and discuss the type of financial instruments traded in the markets
What will be an ideal response?
A dual exchange rate is no different from a devaluation in that they both try to improve a country's BOP
Indicate whether the statement is true or false
If a given production combination is efficient, then it must be:
A. below the production possibilities curve. B. on the production possibilities curve. C. above the production possibilities curve. D. either an attainable or unattainable point.
What causes structural unemployment?
a. workers searching for suitable jobs and firms looking for suitable workers b. the persistent mismatch of workers’ skills and the requirements of jobs c. short-term cyclical fluctuations in the economy d. short-term seasonal fluctuations in the job market