Advocates of flexible exchange rates claim that under flexible exchange rates
A) enhanced control over fiscal policy would allow countries to dismantle their distorting barriers to international payments.
B) reduced control over monetary policy would allow countries to dismantle their distorting barriers to international payments.
C) enhanced control over monetary policy would allow countries to increase their distorting barriers to international payments.
D) enhanced control over monetary policy would allow countries to dismantle their distorting barriers to international payments.
E) enhanced control over monetary policy would destabilize exchange rates.
D
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Which of the following is a difference between an oligopoly with differentiated products and a monopolistic competition?
A) There are no barriers to entry in an oligopoly with differentiated products, while there are huge barriers to entry in a monopolistic competition. B) There are huge barriers to entry in an oligopoly with differentiated products, while there are minimal barriers to entry in a monopolistically competitive market. C) Firms in an oligopoly market with differentiated products charge a price higher than marginal cost in the long run, while firms in a monopolistic competition charge a price lower than marginal cost in the long run. D) Firms in an oligopoly with differentiated products charge a price lower than average total cost in the long run, while firms in a monopolistic competition earn a price higher than average total cost in the long run.
Activities that interest groups undertake to secure special favors from government is called rent seeking
a. True b. False
If there is employment discrimination against minorities, this will cause the
a. supply of their services to increase, and their wages to fall. b. demand for their services to decline, and their wages to fall. c. supply of their services to decline, and their wages to rise. d. demand for their services to decline, and their wages to rise.
Comparing the after-tax distribution of income to the before-tax distribution of income, it is true that the after-tax distribution of income is ________ the before-tax distribution of income.
A. exactly the same as B. more equitably distributed than C. less equally distributed than D. more equally distributed than