Which of the following explains why supply curves slope upward?
A) prices and income
B) increasing marginal cost
C) resources and technology
D) substitutes in production and complements in production
B
Economics
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A flexible exchange rate regime
A) does not describe the regime follow by the European Central Banks. B) keeps the exchange rate fixed but lets the price of gold fluctuate C) allows a currency to float D) none of these choices.
Economics
A black market is
a. a market that operates outside the legal system, either by selling illegal goods or by selling goods at illegal prices. b. a market where goods and services can be obtained at lower prices. c. a government-mandated market where controls are placed on prices. d. a market where exchanges are made using bartering.
Economics