In a floating exchange market, the exchange rate for pesos and yen will not change when:
a. the yen trades at a rate below the equilibrium level
b. the peso trades at a rate above the equilibrium level
c. the currencies trade at the equilibrium exchange rate
d. it will change in all of these situations
c
Economics
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In 1938, another Agricultural Adjustment Act was passed. The error of the 1933 Act was now avoided. What had that error been?
(a) Acreage allotments (b) Combining provisions for conservation with subsidies (c) Imposition of specific taxes on food processors (d) Excessive delegation of power
Economics
Which of the following markets has the most restrictive geographic boundary?
A) The market for retail gasoline B) The market for housing C) The market for gold D) The market for beef
Economics