A currency that is pegged to another currency is usually changed on a supply-and-demand basis.

Refer to the scenario above. Based on the given information, we can conclude that the market for used cell phones in Barylia:

A) has asymmetric information. B) is perfectly competitive. C) is monopolistically competitive. D) has only one seller.

The reason economists create a market basket is to:

A. see how the cost of buying the goods and services on the list changes over time. B. get a sense of how people buy items on a weekly basis. C. know how each individual consumer is being affected by changing prices. D. track its changing prices to reflect changes in purchasing patterns of firms.