Managed float exchange systems were abandoned with the implementation of the gold standard
Indicate whether the statement is true or false
FALSE
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How will the new federal government's new national health care program be funded?
A) The federal government will charge all participants of health insurance exchanges 3.8%. B) Firms with at least 50 employees must pay an annual fine of up to $750 per employee regardless of coverage. C) A tax rate of 3.8 percent will be assessed on nearly all earnings above $200,000 per year for individuals and above $250,000 per year for married couples. D) Nearly all U.S. residents will pay a fine of up to $750 per year for an individual (up to $2,250 per year for a family) regardless of coverage.
In the open-economy macroeconomic model, the key determinant of net capital outflow is
a. the real exchange rate. When the real exchange rate rises, net capital outflow rises. b. the real exchange rate. When the real exchange rate rises, net capital outflow falls. c. the real interest rate. When the real interest rate rises, net capital outflow rises. d. the real interest rate. When the real interest rate rises, net capital outflow falls.
The quintessential example of substitute goods would be
A. Ramen Noodles for a poor college student. B. the switching of Granny Smith for Golden Delicious apples. C. peanut butter and jelly for a young boy or girl. D. steak for someone who liked beef.
The individual with the highest valuation of the good will win in which of the following auctions?
A) English Auction B) Dutch Auction C) Sealed Bid Auction D) All of the above.