Which of the following is an example of a price floor?
A. Stock prices hit a floor lastnight
B. Safeway charges $1 more than Fred Meyer charges for a 5 pound bag of sugar
C. The government guarantees that potato farmers will receive at least $50 a ton
D. The lowest price of gasoline this year was $2 per gallon
C. The government guarantees that potato farmers will receive at least $50 a ton
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Compared with a system of fixed exchange rates, currency unions are beneficial because they
A) restrict what countries can do with fiscal policy. B) allow exchange rates to float. C) allow every country to have an independent monetary policy. D) eliminate the possibility of speculative attacks.
Bank accounts and bonds are examples of money-fixed assets.
Answer the following statement true (T) or false (F)
Carefully explain how, and under what conditions, an increase in foreign markets available to the United States computer producers would lead to an increase in economic well-being for consumers of computers in the United States.
What will be an ideal response?
The lower the interest rates
a. the more value individuals place on future dollars b. the less value individuals place on future dollars c. less investments will take place d. does not affect the investment strategy