A bilateral exchange rate is an exchange rate:
a. that has two sides: maximal and minimal.
b. has exhibited both appreciation and depreciation.
c. is a hybrid between fixed and floating.
d. between two currencies.
Ans: d. between two currencies.
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Which statement below is the best summary of the economic point of view?
A) Society is created and designed by the government. B) Society is controlled by major business conglomerates. C) Society is an unintended outcome of individuals pursuing their own projects. D) All of the above. E) None of the above.
A proportional tax tends to:
a. reduce income inequality. b. increase overall income inequality. c. leave the income distribution essentially unchanged. d. increase income inequality among the rich. e. generate additional tax revenues for the government.