In a floating exchange market, the exchange rate for pesos and yen will not change when
A. the yen trades at a rate below the equilibrium level.
B. the peso trades at a rate above the equilibrium level.
C. the currencies trade at the equilibrium exchange rate.
D. it will change in all of these situations.
Answer: C
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If workers in nuclear power plants underestimate the true risk of their jobs
A) employers will pay compensating differential to compensate employees fully for the risk they have assumed. B) safety legislation will not make workers better off. C) the supply of workers in this occupation will exceed demand. D) the wages of these workers will not be high enough to compensate them fully for the risk they have assumed.
Medicare and Social Security are examples of
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Answer the following statement true (T) or false (F)