Which of the following is an economic explanation for the "beauty premium"?
a. Employers pay very attractive women less than average-looking women because they believe them to be less intelligent.
b. Employers pay above-average-looking men more than above-average-looking women.
c. Employers pay above-average-looking women more than average-looking women because customers prefer to deal with better-looking women.
d. Employers pay above-average-looking men more because they signal to the market that they are willing to spend more money on personal grooming, a sign of wealth and stability.
c
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Who almost always wins the "two-level game"?
a. international partners b. politicians c. domestic constituents d. manufacturers
Flexible, or floating, exchange rate is determined by the:
a. World Bank. b. forces of supply and demand. c. price of gold. d. Federal Reserve.