A major feature of a market system is that:

A. there is full employment.
B. there is consumer sovereignty.
C. all producers make profits.
D. there is economic equality.

Answer: B

Economics

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The advantage of an effective exchange rate is

A) it gives us an accurate gauge for the strengthening or weakening of a currency. B) it uses a weighted average of bilateral exchanges based on the country's trading partners. C) unreliable because its using different weights to reflect trade flows. D) A and B.

Economics