Under a dirty float, the value of a country's currency is ________
A) fixed
B) determined by the relevant currency board
C) influenced by the monetary authorities
D) unmanageable
C
Economics
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Does the presence of asymmetric information necessarily imply that governments should intervene in a market?
What will be an ideal response?
Economics
The division of labor and specialization explain
A) why the average product of labor falls when firms use more capital or change the layout of their businesses. B) why, when the marginal product of labor increases, so does the average product of labor. C) why the marginal product of labor rises as a firm hires its first units of labor. D) why firms may find it profitable to use more workers when the marginal product of labor is negative.
Economics