China's exchange rate system from 1994 through 2005 is an example of
A) a flexible exchange rate system.
B) a fixed exchange rate system.
C) a managed float exchange rate system.
D) the Bretton Woods System.
E) a floating exchange rate system.
B
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The fact that resources tend to be specialized is one reason the production possibilities frontier is drawn
a. bowed outward. b. bowed inward. c. as a straight line (but not horizontal). d. as a horizontal straight line.
Which of the following is the most likely response to an increase in the U.S. real interest rate?
a. a London bank purchases a U.S. bond instead of a Japanese bond it had considered purchasing b. U.S. firms decide to buy more capital goods c. a U.S. citizen decides to put less money in his savings account than he had planned. d. All of the above are consistent.