To maintain a fixed exchange rate, the government can use the following tools, except:
A. Currency market intervention
B. Controlling the flow of trade through various barriers
C. Rationing of foreign exchange
D. Keeping its level of international reserves strictly fixed
D. Keeping its level of international reserves strictly fixed
Economics
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In a perfectly competitive market, if P > MC, then
A) too little output is being produced. B) too much output is being produced. C) production is efficient, as the firm is earning profits. D) the firm is paying a price for resources that is too high.
Economics
Which of the following does NOT help explain why oligopolies exist?
A) economies of scale B) mergers C) product homogeneity D) barriers to entry
Economics