What is the difference between a fixed exchange rate system and a managed float exchange rate system?
What will be an ideal response?
In a fixed exchange rate system, the value of the currencies of the participating countries is fixed, and in a managed float exchange rate system, the value of currencies is determined by demand and supply, with occasional government intervention.
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Suppose the real GDP of Fatonia was $25 million in 2010 . If the population of Fatonia was 0.25 million in 2010, then Fatonia's real GDP per capita was _____ in 2010
a. $200 b. $100 c. $50 d. $150
In the country of Freedonia, men and women have the same level of education and choose different forms of work in the same proportions. The only real difference is that men typically stay home to raise young children, returning to the work force after their children enter elementary school. If no discrimination exists, then we would expect that, on average,
a. women would earn less than men. b. women would earn more than men. c. men and women would earn the same wage. d. wage differences between men and women would be due to differences in beauty.