If a country wants to keep its exchange rate fixed, it must
A) allow its currency value to vary with market supply and demand in foreign exchange markets.
B) be a member of the IMF.
C) vary the amount of its national currency supplied at any given exchange rate in foreign exchange markets when necessary.
D) eliminate its foreign exchange reserves.
C
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Which of the following would be considered a marginally attached worker?
i. Lou, who worked 15 hours unpaid at her mother's store last month ii. Sylvia, who is not working and hasn't looked for work in 3 months iii. Meredith, who is no longer working after taking early retirement from her employer. A) ii only B) i, ii and iii C) i and ii D) i and iii E) i only
Compared to the situation before international trade, after the United States exports a good production in the United States ________ and consumption in the United States ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases