The market price of one currency in terms of another currency is also known as
A) the exchange rate between those currencies.
B) the future rate between those currencies.
C) the spot market.
D) the value of arbitrage.
A
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Which of the following could explain an increase in demand for labor?
a. additional training that increases the productivity of each unit of labor in this market b. an increase in the amount of risk associated with this job c. a decrease in the amount of risk associated with this job d. an improvement in the working conditions associated with this job e. a decline in the working conditions associated with this job
Why do firms collude to become a cartel? Because it allows them to
a. develop innovations without the threat of competition within the industry b. compete in order to increase market share c. act like a monopoly d. diversify their markets without fear of losing market share e. increase their own individual concentration ratio
The Coase Theorem states that:
a. bargaining between producers and consumers leads to an efficient outcome when costs are low. b. bargaining between producers and consumers leads to an efficient outcome when costs are high. c. property rights should be assigned to the producers causing the externality d. property rights should be divided between the consumers affected by the externality.
If the Fed raises the discount rate at the same time it conducts an open market sale, it follows that the money supply will
A) fall. B) rise. C) remain unchanged. D) There is not enough information to answer the question.