The efforts of a nation to influence exchange rates is known as:
A. open market operations.
B. foreign exchange market intervention.
C. rate discrimination.
D. establishing terms of trade.
Answer: B
You might also like to view...
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
Profit maximization occurs at the quantity where marginal cost equals marginal revenue
a. True b. False
In a simultaneous equations model, if any variable is determined outside of the model, then it is considered a(n):?
A. ?endogenous variable. B. ?random variable. C. ?exogenous variable. D. ?error variable.
If a business's total economic cost of producing 1,500 units of a product is $15,000 and this output sold to consumers for $16,500, then the firm would earn an economic profit of:
a. $16,500 b. $1,500 c. $15,000 d. $1,000