The ________ approach to exchange rates emphasizes the role of portfolio repositioning by international financial investors.
A. balance-of-payments
B. monetary
C. asset market
D. elasticity
Answer: C
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According to the economic way of thinking, scarcity implies
A) money. B) competition. C) capitalism. D) chaos. E) all of the above.
A firm's cost of production equals ________
A. all the costs paid with money, called explicit costs B. the implicit costs of using all the firm's own resources C. all explicit costs and implicit costs, excluding normal profit D. the costs of all resources used by the firm whether bought in the marketplace or owned by the firm
Management structures that include money market funds and bond funds in addition to stock funds are known as
A) exchange-traded funds. B) dealers. C) brokers. D) families of mutual funds.
Oligopoly and monopolistic competition can be described as industries where firms
a. have high barriers to entry b. produce identical goods c. are located near each other d. produce close substitutes e. aspire to become perfect competitors