When the value of a currency is determined ________, the exchange rate system is defined as managed float

A) only by supply and demand
B) by its issuing government, with occasional readjustments in value
C) mostly by supply and demand, but with occasional government intervention
D) by its issuing government

C

Economics

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For many years short wave radios were a way of getting news from faraway places and in difficult conditions. But as new technologies have spread, the people listening to these devices has decreased

(Source: The Economist, July 7, 2012) As new technology creates substitutes for short-wave radios, the demand for short-wave radios ________ and the consumer surplus from short-wave radios ________. A) increases; increases B) decreases; decreases C) does not change; decreases D) decreases; does not change

Economics

The demand curve shows the relationship between:

A. money income and quantity demanded. B. price and production costs. C. price and quantity demanded. D. consumer tastes and quantity demanded.

Economics