The consumer price index [CPI] is considered the best measure of the cost of living of individuals in a country

Flexible exchange rates occur when

A) speculators bet that a currency will soon depreciate. B) governments and central banks spend foreign exchange to prop an exchange rate at a certain level. C) no one knows the true value of a currency. D) exchange rates are determined by forces of supply and demand.

What are the three economic uses of time?

a. Social work, nonmarket work, and leisure b. Nonmarket work, voluntary service, and leisure c. Acquiring skills, voluntary service, and social service d. Market work, nonmarket work, and leisure