One of the disadvantages of a fixed exchange rate system is:
a. too much stability in exchange rates
b. import and export industries forego the benefits of highly variable exchange rates.
c. that to maintain fixed exchange rates, nations must give up control of their monetary policies.
d. None of the above are disadvantages of a fixed exchange rate system.
c
Economics
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When price is above the equilibrium level, suppliers offer more than demanders wish to buy
a. True b. False Indicate whether the statement is true or false
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Consider a setting in which there is a negative externality, but no positive externality. It follows that
A) the market outcome is inefficient. B) the market outcome is efficient. C) MSC > MPC D) MPC > MSC E) a and c
Economics