Flexible exchange rates are determined by
A. the government of the importing country.
B. the IMF.
C. the forces of supply and demand.
D. the government of the exporting country.
Answer: C
Economics
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In the simple circular flow
A) producers trade goods and services for monetary payments in the product market. B) consumers trade resources for goods and services in the factor market. C) businesses trade goods and services for resources in the product market. D) consumers trade goods and services for monetary payments in the factor market.
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Which of the following is the best example of a variable cost for a major league baseball franchise?
(A) Stadium rent (B) Stadium maintenance (C) Ticket-takers' salaries (D) Manager's salary
Economics