At any given moment, there is one exchange rate
A. for currencies in the free world.
B. between every pair of currencies.
C. for all the world’s currencies.
D. established by the Federal Reserve Board.
Answer: B
Economics
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If some activity creates positive externalities as well as private benefits, then economic theory suggests that the activity ought to be:
A. left alone under the idea of laissez faire. B. subsidized. C. taxed. D. prohibited.
Economics
Refer to the accompanying figure. For Chris, the opportunity cost of planting one bulb is removing:
A. 3 bags of trash. B. 25 bags of trash. C. 1/25 of a bag of trash. D. 1/3 of a bag of trash.
Economics