Which of the following statements is true?
A. Currencies whose prices are fixed to the same commodity would have currency exchange rates that are also fixed.
B. The special drawing right (SDR) is a basket of currencies made up of U.S. dollars, euros, and Japanese yen.
C. Today, South Africa is a country that has a currency fixed to gold.
D. A country maintains a cleanly floating exchange rate value to neutralize the international value of its currency.
Answer: A
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Which of the following is an example of government spending?
a. A state government investing in electric vehicles for its employees b. A state government importing twice as much oil this year than it did the previous year c. A public sector firm increasing its expenditure on advertisement d. A publicly traded firm selling one-third of its shares
Which of the following is best characterized as a public good?
A. a public library B. primary education C. police protection D. a church