A system of exchange rate determination with no central bank intervention is a
a. fixed exchange rate system.
b. flexible exchange rate system.
c. floating exchange rate system.
d. either a flexible or a floating exchange rate system.
D
Economics
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In the figure above, a single-price unregulated monopoly sets a price equal to
A) a. B) b. C) c. D) d.
Economics
Rent-seeking behavior results in
a. increased economic activity by promoting efficiency. b. lower economic activity by diverting resource to less-productive uses. c. a more equitable distribution of income and wealth. d. lower prices throughout the economy. e. greater income and wealth in the private sector.
Economics