What is a multilateral exchange rate?
a. It is an exchange rate that is measured by using a number of different techniques.
b. It is an exchange rate that calculates the overall movement of the rate against more than just one other currency.
c. It is an exchange rate that is measured once every 10 years.
d. It is a rate that is set by the IMF for many different nations.
Ans: b. It is an exchange rate that calculates the overall movement of the rate against more than just one other currency.
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Suppose the market for cement is one where there are a large number of buyers and sellers, and everyone conducts transactions at a common market price. Which of the following statements is true about the structure of the cement market?
A) The cement market is free and competitive. B) The cement market is government regulated. C) All participants in the cement market set their own prices. D) All transactions in the cement market are likely to be involuntary.
The multiplier principle explains how
a. any change in the economy will be magnified. b. $1 invested will increase GDP by more than $1. c. expenditures and incomes increase as investment increases. d. All of the above are correct.