Which statement makes sense?
a. Fixing exchange rates causes currency markets to reach equilibrium quickly.
b. Having an absolute advantage in the production of goat cheese means the country will specialize in and produce all of the goat cheese traded
c. Arbitrage opportunities are quickly taken.
d. Floating exchange rates reduce uncertainty in the currency markets.
e. When the dollar depreciates, U.S. consumers can buy more imported goods.
C
Economics
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Suppose real GDP grows at 7 percent per year and the population grows at 2 percent per year. How many years will it take for real GDP and real GDP per person to double?
What will be an ideal response?
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In the table above, what is the government's sector balance?
A) a deficit of $700 billion B) a surplus of $600 billion C) a deficit of $100 billion D) a surplus of #100 billion
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