The exchange rate that is established in the absence of foreign exchange market intervention by the government is known as a(n):
a. historical anachronism.
b. fixed exchange rate.
c. "dirty float" exchange rate.
d. unmanaged exchange rate.
e. free market equilibrium exchange rate.
e
Economics
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Which of the following statements is true?
a. A monopsony is the only employer of a factor of production. b. A monopsony will pay workers a higher wage and employ fewer workers than a competitive labor market. c. A monopsony has a marginal factor cost curve which lies below its supply curve of labor. d. Unions are becoming a greater influence in American labor markets. e. All of these.
Economics
Refer to the graph shown. When the market is in equilibrium, consumer surplus is equal to:
A. 1,000. B. 500. C. 1,500. D. 2,000.
Economics