Exchange rate changes are
A) not very volatile because of offsetting changes in demand and supply.
B) very volatile because supply and demand changes reinforce each other.
C) infrequent because the exchange rate rarely changes.
D) not very volatile because of government intervention.
E) very volatile because of government intervention in the market.
B
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A monopoly can be formed by a bandwagon effect. Which of the following products would most closely match the bandwagon effect?
A) The Atlanta Braves baseball club B) The Dell Computer C) The Apple Watch D) The Chevrolet Corvette
Lou and Alex live together and share household chores. They like to cook some meals ahead of time and eat leftovers. The table below shows the number of rooms they can each clean and the number of meals they can each cook in an hour. Rooms CleanedPer Hour Meals CookedPer HourLou54Alex33For Alex, the opportunity cost of cleaning one room is making ________ meal(s); for Lou the opportunity cost of cleaning one room is making ________ meal(s).
A. 4; 4 B. 3; 5 C. 1; 4/5 D. 1; 5/4