A third party is:
a. the party to which a contractual agreement is meant to benefit.
b. a person, or persons, who are unintentionally affected by a market transaction.
c. the third person in a three-way contract.
d. the person who owns the property right in a contract.
e. when the government attempts to mediate a dispute between management and labor.
b
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If a country's central bank does not intervene in the foreign exchange market, the country has
A) a crawling peg exchange rate policy. B) a fixed exchange rate policy. C) a flexible exchange rate policy. D) no exchange rate policy.
Using Figure 2 below, suppose that the economy started at PAE2. A potential change that could cause the economy to go from PAE2 to PAE3 might be:
A. wealth level decreases.
B. interest rates decrease.
C. expected profitability of investments decrease.
D. domestic income increases.