Fixed exchange rates are fixed by
a. international speculators who manipulate the world's currencies.
b. international demand and supply.
c. national governments.
d. All of the above are correct.
c
You might also like to view...
Which of the following explains why the marginal cost curve has a U shape?
A) Initially, the average cost of production rises, then falls. B) Initially, the marginal product of labor falls, then rises. C) Initially, the marginal product of labor rises, then falls. D) Initially, the average product of labor rises, then falls.
The existence of positive economic profits induces firms to:
A. enter an industry, which shifts the market supply curve to the left and decreases market price. B. enter an industry, which shifts the market supply curve to the right and decreases market price. C. exit an industry, which shifts the market supply curve to the right and decreases market price. D. enter an industry, which shifts the market supply curve to the right and increases market price.