Regarding short-range exchange rate movements, which of the following statements is NOT true?
a. they may vary from week to week
b. they may vary from hour to hour
c. are similar to those of the transaction demand determinants of long-term trends in exchange rates
d. determined by arbitrage activity
e. both a and b are false
c
Economics
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The fact that any pareto efficient equilibrium can be achieved through competition by adjusting endowments is called
A) the second welfare theorem. B) the first welfare theorem. C) the third welfare theorem. D) That is not possible.
Economics
In a game, a dominated strategy is one where:
a. It is always the best strategy b. It is always the worst strategy c. It is the strategy that is the best among the group of worst possible strategies. d. Is sometimes the best and sometimes the worst strategy
Economics