Which of the following exchange rate systems is in the right order, from MOST control to LEAST control?
a. floating, fixed, managed float
b. fixed, floating, managed float
c. managed float, floating, fixed
d. fixed, managed float, floating
Ans: d. fixed, managed float, floating
Economics
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The prices of the products in the World War II POW camps, measured in terms of cigarettes, reflected the products'
A) practicality. B) costs of production. C) scarcity. D) retail prices.
Economics
During the Black Plague, capital became worthless. What can explain this?
A) Capital's marginal product fell because there was less labor. B) Capitalists died off at a greater rate than the workers. C) Capital's marginal product increased but the marginal product of labor decreased. D) Workers forgot how to use the capital.
Economics