In a market economy:
a. collective decision-making is more important than individual decision-making.
b. goods and services are distributed as if by an "invisible hand" to those who can not afford them.
c. profit provides an incentive to be productive.
d. the distribution of wealth is equitably distributed.
c
Economics
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The average of the bilateral rate changes for a nation, weighted by the importance of the trading partner, is know as
A) the real exchange rate B) the nominal exchange rate C) the effective exchange rate D) the direct exchange rate
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Explain the shapes of the demand curve for reserves and the supply curve of reserves
What will be an ideal response?
Economics