A pegged rate system that includes policy cooperation is usually:
A) difficult to maintain.
B) a good compromise for nations who want exchange rate stability, stable output, and some flexibility.
C) not a good bet for nations who are large trading partners.
D) administered by large private banks.
Ans: B) a good compromise for nations who want exchange rate stability, stable output, and some flexibility.
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Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. src="https://qoschin.com/media/4/ppg__rrr0818190951__f1q216g1.jpg" alt="" style="vertical-align: 0.0px;" height="117" width="538" />Because all residents of Miniville shop at the store located closest to their homes, the optimal location for the first store to open in Miniville is:
A. at the western end of Lake Shore Drive.
B. Point A.
C. Point C.
D. there is no single optimal location for the first store.
Answer the question on the basis of the following information: Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5. The current year per unit prices of these three goods are A = $2, B = $3, and C = $1. Refer to the above information. If the per unit prices of the three goods each were $1 in a base year used to construct a GDP price index, then the GDP price index in the current year is:
a) 205.5. b) 255.5. c) 39.3. d) 100.