To maintain free international flows of capital and domestic monetary autonomy, in most of the world today, exchange rates are __________ . One of the major exceptions is ___________
Fill in the blank(s) with the appropriate word(s).
allowed to float, china
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The following graph is the production possibility curve for a three-person economy, with workers Janna, Drew, and Karl.
The slope of the PPC between points X and Y is determined by ________ opportunity cost.
A. Janna's B. Kari's C. Drew's D. Janna and Drew's
The opportunity cost to society of producing one more unit of the good is
A) average cost. B) marginal cost. C) efficiency costing. D) the optimal cost.
The coupon rate of a bond is equal to
A) the coupon payment. B) the interest payment. C) the interest rate. D) the face value.
The position of the long-run aggregate supply curve is determined by
A) the long-run aggregate demand curve. B) the production possibilities curve. C) the open economy effect. D) the interest rate effect.