The reason that the claim that floating exchange rates result in greater economic autonomy for individual countries may not be entirely accurate is that
A) empirical research finds no supporting data.
B) policy makers are influenced by the effect of domestic policies on the exchange rate.
C) there is no generally satisfactory method for measuring economic autonomy.
D) it is based on the assumption of a gold standard.
E) countries that run large trade deficits must increase exports to balance trade.
B
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Which of the following backs our money supply?
a. The words "This note is legal tender." b. The faith in the government c. The faith that people will take it in exchange for goods and services d. Precious metals
A pure monopolist's short-run profit-maximizing or loss-minimizing position is such that price:
A. equals marginal revenue. B. will vertically intersect demand where MR = MC. C. will always equal ATC. D. always exceeds ATC.