When exchange rates are not determined in the market but are instead set by a country's central bank, we say that the country's exchange rate is
A) flexible.
B) fixed.
C) a nominal exchange rate.
D) a real exchange rate.
Answer: B
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________ is the ability to move to a different part of the income distribution
Fill in the blank(s) with correct word
To keep employees from shirking, invest in greater monitoring
a. when monitoring is expensive relative to its benefits b. especially when monitoring is not very efficient c. when employees respond well to incentive contracts d. when incentives fail to solve either moral hazard and adverse selection problems with employees
The idea that efficient producers can benefit from trading with inefficient producers is known as
a) the theory of competitive advantage b) the Hecksher-Ohlin theorem c) the Stolper-Samuelson theorem d) New Trade Theory e) comparative advantage
If the velocity of circulation is 10 and the money supply is $250, the value of transactions will be $25.
Answer the following statement true (T) or false (F)