The current exchange rate system for most currencies is described most accurately as one of
A. fixed exchange rates.
B. freely flexible exchange rates.
C. gold standard rates.
D. dirty or managed floating.
Answer: D
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U.S. imports of sugar are limited by an import quota that, according to a study updated in 2013, imposed a total cost on American consumers close to $________, or an average cost of ________ per year for every man, woman, and child in the country
A) $3 billion; $10 B) $105 million; $3 C) $2 billion; $110 D) $3 billion; $2,000 E) $370 million; $2,000
The direct relationship between changes in price and changes in quantity supplied is
A) a change in supply. B) shown by a shift in the supply curve. C) the law of supply. D) the law of relative production.
Labor supply curves are always upward sloping
a. True b. False Indicate whether the statement is true or false
Suppose a German bank purchases a U.S. Treasury bond. This transaction would be recorded in the:
a. unilateral transfers. b. current account. c. capital account. d. goods trade balance.