A flexible exchange rate between two countries is determined by
A. the International Monetary Fund.
B. the demand and supply of both countries' currencies.
C. Bretton Woods agreement.
D. the governments of both countries.
Answer: B
Economics
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Throughout U.S. history, the debt-GDP ratio has jumped sharply higher during
A) cyclical expansions. B) stock market crashes. C) wars. D) Presidential election years.
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If the benefits to society of students attending college exceed benefits to the students,
a. higher education should be strictly regulated b. higher education should be taxed c. higher education provides a positive externality d. higher education is overproduced at the privately determined equilibrium e. in time, no higher education will be produced
Economics