The most economically efficient exchange rate system is one in which
A) residents of a nation can reallocate their resources at minimal costs.
B) the central bank in a nation requires the least intervention in domestic money markets.
C) the central bank in a nation requires the least intervention in foreign exchange markets.
D) real income fluctuations are minimized.
A
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Jeremiah spends all of his income on oranges and cookies, which are normal goods. If Jeremiah's income decreases, he will buy ________ oranges and ________ cookies
His marginal utility from oranges will ________ and his marginal utility from cookies will ________. A) fewer; fewer; decrease; increase B) more; more; decrease; decrease C) the same quantity of; fewer; remain constant; decrease D) fewer; fewer; increase; increase
Those from across the spectrum of political views tend to approve of markets because
A. markets are effective in solving many of society’s problems. B. markets work well in all cases and can be relied upon to solve problems. C. their goals are similar enough that they can rely on the same means. D. production is the most important goal, and market systems are very productive. E. All of these perspectives listed in these responses are correct.